Feb 22 (Reuters) - Australia's flag carrier Qantas Airways Ltd (QAN) on Thursday posted an 12.8% fall in first-half profit and announced an additional on-market buy-back of up to A$400 million.
The airline posted an underlying profit before tax of A$1.25 billion ($785.88 million) for the six months ended Dec. 31, compared with A$1.43 billion reported a year earlier.
That missed a consensus estimate of A$1.26 billion, according to Jefferies.
($1 = 1.5270 Australian dollars)
News: QAN Qantas profit plunges 13% in first half; announces $262 mln additional buyback
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