Qantas Profit Falls Nearly 14 Percent as Middle East War Adds $420 Million Fuel Hit

Domestic flying still delivered $1.44 billion in earnings for the company despite the higher fuel bill.

Qantas Profit Falls Nearly 14 Percent as Middle East War Adds $420 Million Fuel Hit

TL;DR

  • Qantas' underlying profit fell 13.8% to $2.06 billion.
  • Profit after tax decreased by 19.7% to $1.29 billion.
  • Higher jet fuel costs due to the Middle East conflict impacted earnings by about $420 million.
  • Business and consumer confidence declined in the final four months, reducing travel demand.
  • Domestic flying still contributed $1.44 billion in earnings.

Continuar leyendo el artículo original