Qantas fiscal year profit falls 87.3% on reduced demand
Qantas reported a A$123 million ($101.3 million) net profit for its fiscal year ended June 30, down 87.3% from A$970 million earned in the prior year, and announced a three-year, A$1.5 billion cost-cutting program called "Q Future." CEO Alan Joyce said yesterday that the key driver of the reduced...
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