October 24, 2018 / 9:42 PM / in 23 days

Australia's Qantas raises fuel cost forecast for FY18

Oct 25 (Reuters) - Australia’s Qantas Airways Ltd on Thursday upped its fuel cost forecast for the current financial year to A$4.09 billion ($2.89 billion) from a year ago, though added that passenger revenue growth would offset costs.

The airline, which controls nearly two-thirds of Australia’s domestic capacity, said its total revenue rose 6.3 percent to A$4.41 billion for the quarter ended Sept. 30.

$1 = 1.4170 Australian dollars Reporting by Nikhil Kurian Nainan and Aditya Soni in Bengaluru; Editing by Edwina Gibbs and Sandra Maler

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