Qantas Airways (ASX:QAN) will pay AU$105 million to settle a lawsuit concerning flight credits issued during the pandemic, according to a Friday filing with the Australian bourse.
The class action, filed in August 2023, relates to cancelled flights between January 2020 and November 2022, in which the airline allegedly breached its obligation regarding refunds.
The payment is expected in the first half of fiscal 2027, as per the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.