Qantas profits drop to 4-year low on higher fuel costs
Qantas reported its lowest pre-tax profit in 4 years at $2.06 billion on Thursday, after conflict involving the US and Iran increased its fuel costs by $610 million, the Guardian reports.
Australia's national airline also announced plans to phase out its Airbus A380 fleet as it adds new aircraft, according to the publication, Luca Ittimani reports for Guardian business.