Australia's Qantas reports dip in domestic demand; shares slide
Share:
(Reuters) - Australia's Qantas Airways Ltd said on Thursday it would increase domestic capacity to maintain market share against rival Virgin Australia Holdings Ltd even as it reported lower revenue from those routes, sending shares tumbling almost 6%. Although revenue for the national carrier's total business, which includes domestic and international operations, edged up 1.8% to a first-quarter record A$4.56 billion ($3.12 billion) in the three months that ended Sept. 30, unit revenue in its..