Oct 31 (Reuters) - Qantas Airways Ltd QAN.AX :
* Group revenue decrease of three per cent driven by lower international air fares for Q1
* Q1 passengers carried rose 2.5 per cent to 13.2 million
* Expecting 1H17 underlying profit before tax of $800m to $850m
* Group revenue for 3 month period ending september 30 of $3.98 billion compared to revenue of $4.11 billion in Q1 of financial year 2016
* "At current forward market AUD prices, group's first half fuel cost is expected to be $1.5 billion"
* Group's full year fuel cost is expected to be $3.15 billion, and no worse than $3.2 billion
* Group capacity for first half of 2017 financial year is expected to increase by between 1.5 per cent to 2 per cent
* Group domestic capacity in first half is expected to decrease by around 1 per cent
* Group international capacity is expected to increase by around 3.5 per cent Source text for Eikon: ID:nASX36YKfJ Further company coverage: QAN.AX