Qantas Airways Limited
(ASX:QAN) has exceeded its own expectations for its interim result and posted its best performance in four years.
Australia’s biggest airline rebounded to a net profit of $206 million in the first half of the 2015 financial year from a loss of $235 million the year before.
The company’s underlying result came in at $367 million, above its guidance range of between $300 million to $350 million.
Qantas’ performance was aided by its transformation program, lower fuel prices and a lower Australian dollar.
No dividend has been declared and no profit guidance has been provided.
