Qantas profit down 16% to $2.1bn as surging demand for cheap fares helps Jetstar
by Jonathan Barrett and Elias Visontay from World news | The Guardian on (#6QAPH)
International business revenues fell significantly on last year's result, while budget carrier's earnings rose 23%
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
Qantas Airways has posted a $2.1bn annual underlying profit - down 16% from last year's record result - amid a surge in demand for budget Jetstar fares and mounting public anger at its service and ticket policies.
Australia's biggest airline said bookings and travel demand remained stable across its flying brands, although moderating air fares had eroded profits, especially on international flights.
Sign up for Guardian Australia's breaking news email
Continue reading...