Qantas Group reports 1.8% revenue growth in Q1 2020

Qantas Group reported a 1.8% revenue growth in the first quarter of its full-year 2020 results. Revenues for the Qantas came in at $4.56 billion up from the $4.49 billion in the corresponding period last year. Group Unit Revenue increased by 2.1% compared to the prior corresponding period. Total group capacity was down 0.2%. This was driven by a 0.6% decrease for group International while group domestic increased by 0.5% due largely to growth in the resources market. The group has however stated that the protests in Hong Kong will negatively impact its first-half profit performance by $25 million, with