Aviation
Qantas shares fall as new boss ramps up ‘passenger improvements’ project
Vanessa Hudson issued a video apology to customers last week
Shares in Qantas fell to their lowest level in almost a year as investors mulled the effects of rising costs on the Australian airline.
In a statement, Qantas said it will spend an extra A$80 million ($52 million) on so-called passenger improvements in the year to the end of June 2024, in addition to the A$150 million previously allocated for the project.
The airline also warned that its fuel bill will rise by A$200 million ...
