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)


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

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