Qantas profit plunges 13% in first half; announces $262 mln additional buyback

Credit: REUTERS/Phil Noble

Feb 22 (Reuters) - Australia's flag carrier Qantas Airways Ltd QAN.AX on Thursday posted an 12.8% fall in first-half profit and announced an additional on-market buy-back of up to A$400 million.

The airline posted an underlying profit before tax of A$1.25 billion ($785.88 million) for the six months ended Dec. 31, compared with A$1.43 billion reported a year earlier.

That missed a consensus estimate of A$1.26 billion, according to Jefferies.

($1 = 1.5270 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru; Editing by Maju Samuel)

((Roshan.Thomas@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.