Domestic capability additionally to be reduce in weak market
Airline to freeze recruitment, use go away balances
Estimated virus earnings impression of A$100 mln to A$150 mln
Raises dividend, to purchase again A$150 mln of shares
Provides particulars of earnings hit, capability cuts, worker go away
SYDNEY, Feb 20 (Reuters) – Qantas Airways Ltd QAN.AX stated on Thursday it will reduce 15% of its capability to Asia till no less than the top of Might as a result of coronavirus outbreak after reporting flat half-year earnings in a weaker home aviation market.
The airline’s underlying pre-tax revenue, its most intently watched measure, was A$771 million ($514.87 million) within the six months ended Dec. 31, down 0.5% from A$775 million a 12 months earlier.
It estimated the coronavirus would end in a A$100 million to A$150 million hit to underlying earnings earlier than curiosity and tax for…