Qantas set to open new Singapore Airport First Class lounge

Company News

by Rachael Jones

Qantas (ASX:QAN) has released results their first quarter of the 2019 financial year achieving record results.

Revenue is up 6.3 per cent to $4.41 billion compared to the prior corresponding period.

Structural changes to Qantas’ international network continued to support revenue growth, including the Perth-London route and renewed codeshare agreements.

They also announced today a multi-million dollar investment in the lounges at Singapore Airport.

The strong revenue performance also helped partially offset a rise in non-fuel costs, such as higher commissions paid to travel agents on the higher revenue and the impact of a weaker Australian dollar.

Total Group capacity was down by 0.3 per cent, with decreases in both the international and domestic market.

Shares in Qantas (ASX:QAN) closed 1.26 per cent higher to $5.62 yesterday
 

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