Qantas Group
(ASX:QAN) says it's expecting to report its second highest Underlying Profit Before Tax in its history, on the back of improved domestic operations and a slight moderation in the challenging international market.
The flying kangaroo says its Underlying Profit Before Tax should range between $1.35 billion and $1.40 billion for the full 2017 year.
For the third quarter of 2017, its Group Domestic Unit Revenue rose 4.6%, while Group International Unit Revenue fell 5.6% both compared to the prior corresponding period (PCP). Its wider Group Revenue fell 1.4% to $3.96 billion year-on-year.
Qantas says despite the relatively weaker Group International performance in a highly competitive market, its domestic flying business, Qantas, Jetstar and Loyalty is delivering solid earnings growth.
Shares in Qantas Group
(ASX:QAN) last traded 1.38% higher yesterday to $4.42.
