Qantas shares jump on 3Q18 results

Company News

by Anna Napoli

Qantas (ASX:QAN) has announced a 7.5 per cent rise in 3rd quarter revenue to $4.25 Billion, compared with the prior corresponding period.

The airline says it’s on track for a record underlying profit before tax of $1.55 billion to $1.6 billion for the financial year.

Qantas affirmed its existing outlook for capacity, fuel costs, capital expenditure and transformation benefits in the second quarter

In a separate announcement the airline also said the accelerated  the retirement of its last six 747s.

Shares in Qantas (ASX:QAN) have jumped more than 6 per cent to $6.17 since the announcement.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.