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Qantas Group Navigates Turbulence with $1 25B Profit, Jetstar Ascends Despite Challenges
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Qantas posts huge $1 25bn half-year profit
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Qantas Group expecting 14 aircraft deliveries in H2FY2024
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QANTAS GROUP PROFIT IN 1H24 SUPPORTS CONTINUED INVESTMENT IN CUSTOMERS
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Australian airline Qantas on Thursday reported that its statuary profit after tax for the six months ending on December 31 dropped by 13% to $869 million Australian ($570 million US). Underlying profit before tax was $1.25 billion for the period, a decline of $183 million year-on-year. Earnings were 13% lower than the same period a year earlier as fares and capacity continued to normalize. Lower fares contributed to reduced revenue per available seat kilometre, which had an impact on profit of a