Qantas Airways Limited
(ASX:QAN) is poised to report is best first half result since 2010 as it reaps the rewards from its transformation program and lower fuel prices.
Australia’s biggest airline expects to report an underlying profit before tax of between $300 million to $350 million in the first half of the 2015 financial year.
Qantas says the strong turnaround in its financial performance is being driven by rapid progress from its transformation program.
The airline also expects to receive a $30 million benefit in the first half from lower Australian dollar fuel prices.
Qantas Airways reported a net loss of $2.84 billion in the full 2014 financial year.
