Qantas outlook improves; China's ‘Big Three’ and Jet Airways report double-digit pax growth
Shares in Qantas declined 1.2% yesterday, coinciding with the release of the carrier’s financial results for the 12 months ended Jun-2010. Qantas reported a net profit of USD100.5 million (-4.5% year-on-year) and total revenues of USD12.4 billion (-4.2%) in the period, while operating costs were reduced by 5.8% to USD12.1 billion.
