Key takeaway: While earnings per share slipped 4% lower to 52 cents, the result also included a A$400m share buyback to mollify investors. No interim dividend was declared.
Profit at Qantas has lost some altitude after last year’s record result with the airline reporting a 13% fall in its underlying net result to A$1.25b for the six months to the end of December.
Australia’s national carrier identified lower fares as capacity continued to normalise as a factor in
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Key points
Revenue: Up 3% to A$3.758 billion.
Profit: Down 13% to A$896 million.
Key takeaway: While earnings per share slipped 4% lower to 52 cents, the result also included a A$400m share buyback to mollify investors. No interim dividend was declared.
