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By Byron Kaye and Savyata Mishra
SYDNEY (Reuters) - Australian flagship airline Qantas Airways Ltd swung to a record first-half profit as appetite for travel grew faster than it could sell seats, but warned sky-high fares would moderate as it and competitors added more flights, sending its shares down 6%.
The so-called "flying kangaroo" also said it was buying back A$500 million ($340.85 million) of shares as it declared a turnaround from the shock of initial COVID-19 lockdowns when it had cas...
>>> Read more: Qantas leaps to record H1 profit but fare moderation spooks investors
SYDNEY (Reuters) - Australian flagship airline Qantas Airways Ltd swung to a record first-half profit as appetite for travel grew faster than it could sell seats, but warned sky-high fares would moderate as it and competitors added more flights, sending its shares down 6%.
The so-called "flying kangaroo" also said it was buying back A$500 million ($340.85 million) of shares as it declared a turnaround from the shock of initial COVID-19 lockdowns when it had cas...
>>> Read more: Qantas leaps to record H1 profit but fare moderation spooks investors
