Qantas forecasts near-record FY17 first halfQantas is predicting a first-half underlying pre-tax profit of up to $850 million, despite a fall in revenues.In a trading update issued this morning, Qantas says group revenues were down 3% in the first quarter, driven by lower international airfares resulting from increased competition as well as subdued domestic demand.However, continued cost improvement and lower fuel prices secured through hedging would allow the first half underlying pre-tax profit to be in the range of $800 million to $850 million, which would represent the third-best first half result in the Qantas' history.QF Group ceo Alan Joyce said the first quarter has positioned Qantas to deliver another strong first half result.
from News – Travel Daily http://ift.tt/2e2RlaZ
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