Qantas shares surge to record high as profit jumps on robust travel demand

The shares of the Australian flag carrier Qantas broke a record record on Thursday after the results of the earnings of earnings were eaten with flexible demand in domestic and international networks.

The Qantas stock rose up to 13.59% in early transactions before earning 9% higher than 12: 33 local time (10.33 meat on Wednesday).

Carrier 15% jump in the underlying snow before the tax For $ 2.39 billion ($ 1.6 billion), he defeated a visible alpha consensus estimation of $ 2.38 billion. The income for the year ending on June 30 increases by 8.6%.

Qantas also brought the final dividend of 16.5 Australia per share and an additional special payment of 9.9 cents, the total ordinary dividends for the year 33 cents – airline company The biggest annual payment in 17 years.

Qantas CEO Vanessa Hudson, the budget arm Jetstar’ın fleet renewal of a significant support for gains is a “outstanding year”, he said. On July 31, the Jetstar Asian arm was closed due to “increasing costs and competition in the region”.

“The closure of Jetstar Asia, Qantas Group’s long -term returns, support fleet renewal, and strengthens the basic markets to support the strategy of recycling capital,” he supports the strategy of recycling. ” He said.

Participation, 16 million domestic passenger records of the record of the annual earnings of 55% recorded.

The group despitet strong performance throughout the group, Hudson said that some costs increase the inflation rate that reduces the benefits of cheaper fuel.

When we look forward, Qantas gave an order for the 20 Airbus A321xlr aircraft with 16 Lie Flat Business Class seats and a push towards the Premium narrow object capacity.

The results have recently one in Qantas’s heels. Save a 90 million dollar penalty Illegally to dismiss 1,800 place personnel.