Qantas says ongoing strong travel demand means it now expects to make $150 million (US$99.6 million)more than it previously forecast for the current half-year.
The national carrier now expects an underlying pre-tax profit of between $1.35 billion to $1.45 billion for the six months to December 31, up from its October forecast of $1.2 billion and $1.3 billion.
Net debt is expected to fall to between $2.3 billion and $2.5 billion by year-end, which is $900 million better than what Qantas had predicted in its most recent update.
It’s a huge turnaround on the underlying earnings loss of $1.28 billion that Qantas reported for the first half of fiscal 2022….