Qantas results soared to another record half year

Company News

by Jessica Amir

Qantas (ASX:QAN) deliver record underlying profit before tax in the six months to December of $976 million, surpassing its record of $921 million that it hit in the first half of FY16.

As for underlying profit after tax, attributable to shareholders, that carved out a gain of 18 per cent in the six months ending December to $607 million.

The flying kangaroo’s revenue lifted 6 per cent to $8.7 billion.

Its underlying earnings per share grew to 38.7 cents, while Qantas’ and Jetstar’s domestic flying operations together saw their highest ever first half underlying EBUIT of $652 million.

As for what’s coming up, it’s flagged that group domestic capacity will marginally fall by 1 per cent in the second half of the financial year, while international capacity will rise by about 2.3 per cent,

Qantas (ASX:QAN) shares are trading 3.8 per cent higher at $5.47.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.