21-Dec-2009 5:11 PM
Qantas expects AUD50-150 million profit in 1HFY2009/2010; Yields on the improve in Nov-2009
Analysis
Qantas stated it expects to return to profitability in the current reporting period (six months ending 31-Dec-2009), with a profit before tax in the AUD50-150 million (USD44-133 million) range, due to "improving" passenger volumes and yields. The carrier reported a profit before tax of AUD288 million in 1HFY2009 (six months to Dec-2008), which was in turn down 68.2% on the result in the six months to Dec-2007.
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