Qantas (ASX:QAN) has released results their first quarter of the 2019 financial year achieving record results.
Revenue is up 6.3 per cent to $4.41 billion compared to the prior corresponding period.
Structural changes to Qantas’ international network continued to support revenue growth, including the Perth-London route and renewed codeshare agreements.
They also announced today a multi-million dollar investment in the lounges at Singapore Airport.
The strong revenue performance also helped partially offset a rise in non-fuel costs, such as higher commissions paid to travel agents on the higher revenue and the impact of a weaker Australian dollar.
Total Group capacity was down by 0.3 per cent, with decreases in both the international and domestic market.
Shares in Qantas (ASX:QAN) closed 1.26 per cent higher to $5.62 yesterday