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Qantas flags profit dip as airlines wage price war

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Published Mon, Oct 31, 2016 · 09:50 PM

    Sydney

    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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