Aug 22, 2019 SOURCE: AFP
Qantas Airways profits lower after oil prices rise
Qantas Airways posted a 6.5-percent fall in annual net profit Thursday, attributing the slide in earnings to higher oil prices and a weaker Australian dollar.
Despite record revenues, the Australian flag carrier said its after-tax profit fell to Aus$891 million (US$604 million), down from Aus$953 million the previous year.
The 99-year-old...
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