Qantas announces $652.8m profit

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Qantas announces $652.8m profit

Postby Greg on Fri Aug 25, 2017 7:50 am

QANTAS says it’s booming domestic market is a significant driver behind the second biggest profit in the airline’s 97-year history announced this morning - AU$852 million.

The airline said all divisions delivered solid returns in the financial year, but its domestic market was its strongest performer.

Qantas and Jetstar combined reached a record $865 million in underlying earnings (EBIT), making them the two most profitable airlines in Australia with around 90 per cent of the total domestic profit pool, Qantas said.

Chief executive Alan Joyce said Qantas was investing in lounges, Wi-Fi and cabin upgrades and was looking at new aircraft and new businesses such as insurance and financial services to keep delivering sustainable returns.
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