Australia Qantas Announces Great Results. Price drops 7%.

Feb 23, 2023

Qantas has announced an interim underlying pre-tax profit of $1.43 billion in its first return to profitability since the coronavirus pandemic started. The airline's record first-half result was at the top end of its forecast, with revenue of $9.9 billion. All segments of its business turned profitable during the half year, led by Qantas Domestic, which recorded $785 million in earnings before interest and tax. Qantas expects travel demand to continue driving the recovery in 2023 and 2024, with domestic capacity set to exceed pre-Covid levels in the second half of 2023.

Good news is bad news again. Seems like an over reaction. Might be worth keeping an eye on.

Apr 9, 2023

Comment

Recovered 15% on the overreaction but looks to be sliding again.



Will be interesting to see if it bounces again off that bottom linear range.