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Qantas slashes flights to manage $150m virus hit

Lucas Baird
Lucas BairdReporter
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Key Points

  • Revenue ($m) 9464.0, up 2.8% from 9206.0
  • Pre-tax profit ($m) 771.0, down -0.5% to 775.0
  • Net profit ($m) 445.0, down -3.9% to 463.0
  • Interim dividend (c) 13.5, up 12.5% from 12.0
  • Date dividend payable: April 9

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

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    Original URL: https://www.afr.com/companies/transport/qantas-flags-100-150m-hit-from-virus-20200219-p542cz