The Flying Kangaroo flies back with profit growth amid travel upturn and capacity growth.
Qantas is forecasting an estimated underlying profit before tax of between $2.42 and $2.47 billion for the full year 2023.
The strong financial prediction is being driven by fuel prices starting to moderate and increased flight activity for the second half of the year.
Qantas also revealed it is on track to share the benefits of its recovery with staff, and is also on path to achieve a revised capital expenditure of $2.6 to 2.7 billion, which includes forward payments for new aircraft scheduled to join its growing fleet.
More details in today’s issue of Travel Daily.