Carrier cites improvements in domestic and international revenues.
Qantas has just issued a third quarter trading update, saying it had seen “improving performance from its domestic operations and a slight moderation in the challenging conditions within the international market”.
CEO Alan Joyce confirmed expectations of a full-year underlying profit before tax of $1.35 billion to $1.4 billion, which would represent the second best result in the company’s history.
“Between our domestic flying businesses, Qantas and Jetstar, and Loyalty we are delivering solid earnings growth. Internationally it’s still tough, with high levels of capacity growth pushing fares down, but we’ve seen those conditions ease slightly,” he said.
“Because of the work we’ve done to transform Qantas and expand into growth markets, our international businesses are navigating the headwinds better than our key competitors,” Joyce added.
The forecast underlying profit result reflects improvements from the Qantas Domestic and Loyalty divisions, partially offsetting a “relatively weaker, but resilient, Group International performance in a highly competitive market”.
More details in tomorrow’s issue of Travel Daily.