Reuters: Global Markets: Qantas shares dive to all-time low on profit warning

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Qantas shares dive to all-time low on profit warning Jun 5th 2012, 00:19 SYDNEY | Mon Jun 4, 2012 8:19pm EDT SYDNEY (Reuters) - Shares in Qantas Airways (QAN.AX) dived as much as 18 percent to an all-time low after the Australian flag carrier warned profits would slump by up to 90 percent. Qantas said soaring fuel prices, industrial action and weak operating conditions due to the European economic crisis would drag profit before tax for the year to June 30 2012 to A$50-A$100 million. Qantas shares slumped to a low of A$1.16 and last traded down 12 percent at A$1.25.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions