Higher Fuel Bill and International Competition to Cause Turbulence for Qantas During the Second Half
No-moat Qantas guided to an interim fiscal 2018 underlying net profit before tax, or NPBT, that puts the firm on track to meet our full fiscal-year forecasts. The firm expects between AUD 900 and AUD 950 million in first-half NPBT, representing a healthy 6%-12% increase on the previous corresponding period, or pcp. However, rising fuel costs and aggressive international competition are likely to drive a significant slowdown in the second half, relative to the first half. As such, we remain comfo...Qantas Airways is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a Frequent Flyer loyalty program. Co. comprises following operating segments: Qantas Domestic, Qantas International, and Jetstar Group, all of which comprises its passenger flying businesses; Qantas Freight, which comprises its air cargo and express freight business; and Qantas Loyalty, which comprises its customer loyalty recognition programs.
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