annb0t
Top 20
(Reuters) - Qantas Airways on Thursday posted a 16% drop in annual underlying profit, hurt by high fuel costs and lower fares, even as the Australian flagship carrier announced an additional share buyback of up to A$400 million ($271.36 million).
The airline's underlying profit before tax fell 16% from the prior year to A$2.08 billion for the 12 months ended June 30, in line with a Visible Alpha consensus of A$2.08 billion.
($1 = 1.4741 Australian dollars)
(Reporting by Roushni Nair and Samee...
>>> Read more: Qantas announces $271 million share buyback plan despite annual profit dip
The airline's underlying profit before tax fell 16% from the prior year to A$2.08 billion for the 12 months ended June 30, in line with a Visible Alpha consensus of A$2.08 billion.
($1 = 1.4741 Australian dollars)
(Reporting by Roushni Nair and Samee...
>>> Read more: Qantas announces $271 million share buyback plan despite annual profit dip
