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Qantas shares surge

2015-05-12 13:21:10| Airlines - Topix.net

Shares of Qantas Airways Ltd surged to their highest level in more than six years in Sydney after Australia's biggest carrier said the global drop in oil prices would help cut its fuel bill this year. The stock jumped as much as 6.6 percent to A$3.54, the highest level since September 2008, after Qantas said it would spend about A$550 million less on fuel this year amid a 36 percent drop in jet fuel prices.

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