Australian flag carrier, the Qantas Airways Group (ASX: QAN) has recently released a trading update for the first quarter of FY20. The update highlighted the following points:
- Increase in revenue at $4.56 billion, 1.8 per cent higher than the $4.49 billion in the prior corresponding period (pcp).
- Rise in Group Unit Revenue by 2.1 per cent on pcp.
- Impact on international freight market, owing to Hong Kong unrest, headwinds from foreign exchange expenses and trade war.
- Qantas expects its full year fuel cost to be $3.98 billion for FY20.