Investors responded positively to Qantas Airways' interim results showing flat pre-tax profits of $771 million in the six months to December 31 despite a warning the coronavirus outbreak could shave up to $150 million to full-year earnings.
Shares in the company were up about 6.2 per cent to $6.69 in early trade, as revenue also increased 3 per cent to $9.5 billion on the corresponding prior period.
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com