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By Echha Jain
(Reuters) -Australia's flag carrier Qantas Airways Ltd on Thursday posted a 12.8% fall in first-half profit and announced an additional on-market stock buyback of up to A$400 million.
The decline in first-half earnings was due to fares and capacity normalising, the company said.
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 a year earlier.
That marginally missed a consensus e...
>>> Read more: Qantas first-half profit drops, announces new $262 million stock buyback
(Reuters) -Australia's flag carrier Qantas Airways Ltd on Thursday posted a 12.8% fall in first-half profit and announced an additional on-market stock buyback of up to A$400 million.
The decline in first-half earnings was due to fares and capacity normalising, the company said.
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 a year earlier.
That marginally missed a consensus e...
>>> Read more: Qantas first-half profit drops, announces new $262 million stock buyback
