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 is a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.