Qantas annual profit falls after one-off in prior year

Thu, 24 Aug 2017

By Rebecca Howard Aug. 25 (BusinessDesk) - Australia's biggest airline Qantas Airways said its net profit fell as the benefits of lower fuel prices were offset by the reduction in net passenger revenue and after a one-off gain in the prior year. The Qantas Group said net profit in the year to June 30 was A$853 million, or 46 Australian cents, down from A$1.03 billion, or 49.4 Australian cents, in the prior year, which included the gain on sale of the Sydney Domestic Terminal. Underlying profit before tax was A$1.4 billion versus A$1.5 bi...

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