Qantas reported a consolidated net profit of A$515 million ($372.1 million) for the first half of its FY2017 (July-December 2016), down 25.1% from A$688 million in the first half of FY2016. Group revenue declined 3.3% to A$8.2 billion for the period. Expenses stayed even year-over-year (YOY) at A$7.4 billion. The group’s operating profit came to A$812 million, down 25.8% from A$1.1 billion. The Australian flag carrier said its profit decline in the first of its financial year was ...

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