Lower fares blamed for Qantas' descending profit

By Derek Rose
Updated February 22 2024 - 12:00pm, first published 11:55am
Revenue was up for Qantas but CEO Vanessa Hudson says fare reductions dragged down profit. (Bianca De Marchi/AAP PHOTOS)
Revenue was up for Qantas but CEO Vanessa Hudson says fare reductions dragged down profit. (Bianca De Marchi/AAP PHOTOS)

Qantas says lower fares contributed to a 13 per cent drop in underlying profit for the half-year as it revealed new cabin interiors for Qantaslink and plans for fast, free WiFi on international flights as it tries to win back customer trust.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Canberra news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.