The Qantas Group
(ASX:QAN) will hand over another buyback after reporting that total revenue for the third-quarter ended 31 March 2018 rose 7.5 per cent to A$4.25 billion from the same period last year.
Shares with a total consideration of $378 million will be acquired under the buy-back.
The remaining consideration to be paid for shares under the buyback is $177, 265, 371. The number of shares bought back is over 32,510,682
The airline carrier also reported they will bid farewell to the 747s by the end of 2020.
The carrier will be moving to the 787 and 789- an aircraft that has much lower maintenance costs and is about 20 per cent more fuel-efficient than the 747.
Shares in Qantas Group
(ASX:QAN) were down yesterday 1.60% to $6.17.
