Strong Demand and Utilisation See Qantas on Track for Strong Finish to Fiscal 2018
Our AUD 4.00 per share fair value estimate for no-moat-rated Qantas is unchanged, following its third-quarter fiscal 2018 trading update. The firm guided to fiscal 2018 underlying profit before tax of between AUD 1.55 billion and AUD 1.60 billion. We maintain our AUD 1.56 billion fiscal 2018 forecast, at the lower end of the guided range, and continue to project low-single-digit earnings per share growth on average during the next five years.Despite some variation in performance between the dif...
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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