Australia Shares News: Qantas Airways (QAN)

Australia Shares News: Qantas Airways (QAN)|ASX:QAN StocksQantas Airways (ASX:QAN) operates domestic and international airlines under the widely known Flying Kangaroo banner. These airline operations are complemented by extensive holiday travel activities, catering facilities for QAN services and external customers, ground handling of baggage and freight, and engineering and maintenance services.

Qantas updated the stock market today on its expected profit.   The company guided for 1H FY12 profit of $140-$190 million, from $417 million a year earlier.

Qantas said that the recent industrial action will cost approximately $194 million for the first half.

A company spokesman has also denied media speculation that it has shelved a planned Asia-based premium carrier.

Qantas’ passenger numbers for October showed a 1.8% decline compared to the previous year.

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