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(Reuters) -Australia's flag carrier Qantas Airways Ltd on Thursday posted a 12.8% fall in first-half profit and announced an additional on-market buyback of up to A$400 million. The drop in first-half earnings was due to fares and capacity normalising,. ....
(Reuters) -Australia's flag carrier Qantas Airways Ltd on Thursday posted a 12.8% fall in first-half profit and announced an additional on-market stock buyback of up to A$400 million. That marginally missed a consensus estimate of A$1.26 billion, according to Jefferies. Henry Jennings, a senior analyst at Marcustoday Financial Newsletter, said it is a positive to do another buyback, especially given the capital requirements of the company but does put some support under the stock. ....
Qantas said the Australian Competition and Consumer Commission's (ACCC) case, which accuses it of selling the tickets for flights for more than 48 hours after they were cancelled, does not constitute "fee for no service". "We acknowledge there were delays . but crucially, it does not equate to Qantas obtaining a 'fee for no service' because customers were reaccommodated on other flights as close as possible to their original time or offered a full refund," the airline said in a statement on its filing with the Australian Stock Exchange. "This is consistent with our obligations under consumer law and is what we did during the period the ACCC examined," Qantas said. ....
Qantas files defence against litigation over cancelled flights tickets sale By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.
Qantas Airways Ltd on Monday said it filed its defence with the Australian Federal Court against the country s competition regulator s accusations that the flagship carrier sold tickets to. ....