Qantas Group expects a return to Underlying Profit Before Tax in 1HFY2015

Qantas Group stated (28-Aug-2014) it expects a return to an Underlying Profit Before Tax in the first half of FY2015, subject to factors outside its control. This is based on the following expectations:

• A target of AUD300 million (USD280 million) of Qantas Transformation benefits to be realised in the first half;
• A stabilising operating environment, as market capacity growth subsides;
• First half fuel costs in line with the first half of FY2014;
• The repeal of the carbon tax;
• Reduced depreciation costs compared with the first half of FY2014. [more - original PR]