Qantas Airways Group Releases Trading Update for Q1 FY20

October 24, 2019 01:23 PM AEDT
Team Kalkine

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.

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