Qantas CEO: Oil Leaks in 3 Engines of its A380s

Engineers have discovered oil leaks in the turbine area of three engines on three different A380s.

Qantas passengers stranded by the grounding of the A380s are expected to be flown to their destinations within 24 hours, Joyce said. The airline is adding flights from London and Los Angeles to help clear the backlog.

Joyce would not specify how much the airline has lost since the engine explosion, nor would he comment on whether Qantas plans to seek compensation from Rolls-Royce.

"We are working with Airbus and Rolls-Royce to fix this issue - that's our top priority and compensation talks will take place after the aircraft are back in the air," he said.

(This version CORRECTS Corrects percentage of decline in Rolls-Royce stock price. This story is part of AP's general news and financial services.)

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