Qantas flags profit dip as airlines wage price war
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AUSTRALIAN flagship carrier Qantas Airways Ltd warned on Monday that half-year profit could fall nearly a sixth, sending its shares into wild gyrations amid concerns about the effects of a price war hammering airline earnings globally.
By calling out the impact of cut-price international airfares, the so-called "Flying Kangaroo" joins Hong Kong's Cathay Pacific Airways Ltd, Dubai's Emirates Airline and Air New Zealand Ltd which have complained about competition in recent weeks.
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