Qantas remarkable turnaround under CEO Alan Joyce has continued (Finance)

Qantas’ half-yearly report is in and the results are fantastic. Qantas’ first-half profit increased 15% from last year to $975 million. Qantas Domestic, Jetstar Group and Qantas Loyalty all had record results and Qantas International held its own despite some challenges like higher fuel costs, a competitive domestic market and international capacity growth. Further cost-cutting of…

Qantas delivers second highest profit in history (Finance)

Qantas’ Yearly Report is in and the results are fantastic. Qantas has posted a $1.4 billion profit the second highest ever. The result was 8.6% lower than last year due to weaknesses in the resource sector and intense competition on international routes but at the upper end of the airlines guidance. Qantas profit was turbocharged…

Qantas nears foreign ownership cap (Finance)

Qantas has revealed foreign investors now owns just under 47 per cent of its shares which is very close to its 49 per cent cap on foreign ownership (Qantas Sale Act). Qantas’ recent impressive financial performance has made it a desirable stock for overseas investors. Alan Joyce has previously called for the cap to be…

Qantas set for another great profit result (Finance)

Qantas is forecasting another strong profit for its financial year 2017 because of domestic growth and improved international market conditions. In its latest financial update, Qantas estimates a profit of between $1.35–$1.4 billion. This would be a decline from the A$1.53 billion profit in the previous year, although it would still represent the second-largest result…

Qantas Reports its Half Yearly Result (Finance)

Qantas’ Half Yearly report is in and their results are very good. Qantas reported an underlying profit of $852 million for the 6 months to December 31st. This was down 7.5% on last year. However, considering the tough economic conditions this was a terrific result and showed Qantas’ resilience. Bearing in mind its main competitors…

Tag: Finance