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QANTAS AIRWAYS UPGRADES 2006/07 PROFIT GUIDANCE.
SYDNEY, Dec 1 Asia Pulse - Qantas Airways Ltd (ASX:QAN) has lifted its 2006/07 profit guidance, and now expects its profit before tax for the year to be up to 30 per cent above last year's result.
"As a result of strong trading conditions and subject to fuel prices remaining around current levels, (Qantas) expects its reported profit before tax for 2006/07 to be 25 to 30 per cent above the 2005/06 result," the airline said in a statement.
Qantas, which is currently facing a potential private equity takeover bid, reported a net profit of $A479.5 million ($US374.95 million) in 2005/06.
The airline bumped up its profit expectations at its annual general meeting in October, saying it expected its fiscal 2007 result to exceed the previous year's, though no firm numbers were given.
At the time, Qantas ...
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Source: HighBeam Research, QANTAS AIRWAYS UPGRADES 2006/07 PROFIT GUIDANCE.