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BRIEF-Qantas Airways sees H1 underlying profit before tax of A$900 mln to A$950 mln

Published 26/10/2017, 09:20 am
© Reuters.  BRIEF-Qantas Airways sees H1 underlying profit before tax of A$900 mln to A$950 mln
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Oct 26 (Reuters) - Qantas Airways Ltd QAN.AX

* Qantas group expecting 1H18 underlying profit before tax of $900 million to $950 million

* Unit revenue (RASK) in quarter increased by 3.1 per cent compared to prior corresponding period.

* Q1 group revenue - $4.19 billion up 5.1 per cent versus prior corresponding period

* Some toughening in trading conditions expected in second half (fuel costs, international capacity growth)

* Unit revenue growth in domestic is expected to slow in second half of financial year 2018

* Group international capacity to increase by around 5 per cent in first half of financial year 2018

* Group domestic capacity to decrease by 2-3 per cent in first half of financial year 2018

* International competitor capacity growth of around 3 per cent is expected in first half and 6-7 per cent in second half

* "At current forward market aud prices, group's first half fuel cost is expected to be $1.55 billion"

* Group domestic capacity to decrease by 1 per cent in second half compared to same period last year

* Based on a brent forward market price of A$74 per barrel for remainder of FY18, group's full year fuel cost expected to be $3.21 billion

* Group international capacity to increase by around 5 per cent in first half of financial year 2018 and 3 per cent in second half

* Qtrly passengers carried 13.8 million, up 2.3 percent

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