International business generated $556m in 2023-24 down from $906m a year ago when demand was surging, capacity lower and fares higherFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastQantas 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…
Source link : https://www.theguardian.com/business/article/2024/aug/29/qantas-annual-profit-down-16-to-21bn-from-record-high-as-airfares-decline
Author : Jonathan Barrett Senior business reporter
Publish date : 2024-08-29 02:16:22
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