Qantas Airways Limited
(ASX:QAN) says it expects to report an underlying profit before tax of between $875 million and $925 million in the first six months of FY2016.
The company says the range represents a significant improvement in underlying earnings, compared to an underlying profit before tax of $367 million in the first half of FY2015.
Qantas says its strong first half performance can be attributed to its $2 billion transformation program, revenue growth and the benefit of lower fuel prices.
The result will include the $25 million one-off impact on Jetstar earnings from volcanic activity in Bali during the period.
Qantas will announce its first half results on the 23rd of February 2016.
