Qantas shares have fallen to a six-month low after Australia's largest airline said its revenue would grow at the low end of expectations.

Qantas said while domestic leisure travel was performing strongly, there was less demand for flights from businesses outside of the resource sector than it had anticipated.

"Corporate travel continues to grow, although less than previously forecast," chief executive Vanessa Hudson told shareholders at Friday's annual general meeting.

"We are adjusting domestic capacity in the second half to match the demand profile we are seeing."

Qantas said it expected its domestic revenue to grow by about three per cent in the first half, which is at the lower end of the guidance range of three to five per cent growth provided in August.

Qantas shares dropped 6.

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