Qantas preliminary trading update for Q3FY2017

4 May, 2017

Qantas Group announced (04-May-2017) its preliminary trading update for 3QFY2017, reflecting improving performance from domestic operations and a decrease within the international market. Qantas confirmed that it expects to report a full-year underlying profit before tax in the range of AUD1.35 billion (USD1 billion) to AUD1.40 billion (USD1.04 billion), which would represent the second highest result in Qantas' history. Qantas CEO Alan Joyce stated the Group's quarterly performance had met expectations and laid the ground for another strong full-year result. A summary of key full year outlook figures is as follows:

  • Unit revenue for Group Domestic is expected to continue into 4QFY2017;
  • Unit Revenue for Group International is expected to continue moderating in 4QFY2017;
  • Qantas Group expects to report an underlying profit before tax in the range of AUD1.35 billion (USD1 billion) to AUD1.40 billion (USD1.04 billion) for FY2017. [more - original PR]