Qantas’ full-year profit falls 14%
AUSTRALIA’S Qantas Airways reported a 13.8 per cent drop in its full-year pre-tax underlying profit on Thursday (Aug 27), hurt by surging...
On Thursday, August 27, Qantas Airways, Australia's flag carrier, announced a 13.8% decline in its full-year pre-tax underlying profit, primarily due to surging jet fuel prices resulting from the Middle East conflict. Despite higher fares, the company's underlying profit before tax for the year ended June 30 was A$2.06 billion (US$1.48 billion), down from A$2.39 billion reported in the previous year. This figure slightly exceeded the Visible Alpha consensus estimate of A$2 billion.
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