Qantas yesterday reported a A$216 million ($138 million) profit for the half-year ended Dec. 31, down 65% from the A$618 million earned in the year-ago semester, and announced a A$500 million share placement designed to "enhance financial flexibility." The group said that "highly volatile" oil prices, a 31% fall in the Australian dollar relative to its US counterpart and a reduction in premium travel were key drivers of the result. "Our revenues have come under pressure, but through ...

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