Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Qantas Airways Limited HY Profit Flies 18% Higher

Qantas Airways Limited (ASX: QAN) has reported its result for the half year to 31 December 2017.

Qantas Airways is the company that runs Qantas and Jetstar.

Here are some of the highlights compared to last year:

  • Revenue up 5.8% to $8.67 billion
  • Underlying day to day trading, or EBIT, up 12% to $1.06 billion (What does EBIT mean?)
  • Reported profit up 17.9% to $607 million
  • Reported profit per share up 25%

Qantas managed to grow its number of ‘available seat kilometres’ and its ‘revenue seat kilometres’ both increasing, which more than offset the slight increase of the costs.

Within the results, net passenger revenue grew by 6%, net freight revenue increased by 6%, Frequent Flyer revenue decreased by 2% and other revenue (like Qantas Club) grew by 9%.

The revenue increase was somewhat offset by costs increasing. Fuel costs increased by 4%, staff costs increased by 5% and depreciation increased by 10%.

Qantas CEO Alan Joyce said “This result shows what our previous record results have shown – we have a strong portfolio of businesses and the right integrated strategy for managing them.”

Join Rask’s Investor Club Newsletter Today

You can join Rask’s FREE investor’s club newsletter today for all of the latest news and education on investing. Join today – it doesn’t cost a thing. BUT, you’ll need a good sense of humour and a willingness to learn.

Join today.

Keep Reading

 

Disclaimer: This article contains general information only. It is no substitute for licensed financial advice and should not be relied upon. By using our website you agree to our Disclaimer & Terms of Use and Privacy Policy.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content