October 23, 2019 / 9:44 PM / a month ago

Qantas first-quarter revenue rises 1.8%

Oct 24 (Reuters) - Australia’s Qantas Airways Ltd posted a 1.8% rise in first-quarter revenue on Thursday, but flagged future profit impacts from weaker global trade conditions and political ructions.

The airline posted revenue of A$4.56 billion ($3.12 billion) in the quarter ended Sept. 30, compared with a restated A$4.49 billion a year earlier.

Australia’s flag carrier said the protests in Hong Kong would impact its interim profit by A$25 million, while weaker freight demand would cause a A$25-A$30 million dent in its annual profit. ($1 = 1.4592 Australian dollars) (Reporting by Ambar Warrick and Nikhil Kurian Nainan in Bengaluru; Editing by Shailesh Kuber)

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