Qantas shares slump on lowest first half result in a decade, weak outlook; JAL to be delisted
Qantas’ shares slumped 8.1% yesterday, after falling as much as 9% in intra-day trading, with disappointed investors wiping AUD540 million from the market capitalisation of the carrier amid a heavy day of trading in Sydney, as the carrier scrapped its interim dividend to conserve cash after posting its lowest first-half profit in a decade.
