Qantas is upbeat despite profits fall
11 April 2012
Australian flag carrier Qantas has reported a 4.3% fall in annual profits, but says it is cautiously optimistic for the future.
It made A$112 million (£64 million) in the year to the end of June. Lower ticket prices and the aftermath of the global recession played a part in sales falling 5.7% to A$13.8 billion.
The Icelandic volcanic ash cloud led to lost revenue and extra costs of A$46 million.
