Qantas soars to record profit

Original article by Annabel Hepworth
The Australian – Page: 17 & 20 : 23-Feb-18

Qantas has posted an underlying pre-tax profit of $A976m for the first half of 2017-18, an increase of 14.6 per cent. The airline’s statutory profit after tax rose 17.9 per cent to $A607m. Qantas is likely to resume paying corporate tax soon, after advising that it now has just $A368m worth of tax-loss credits. Meanwhile, CEO Alan Joyce has emphasised the need for a reduction in the corporate tax rate in order to ensure that the Australian economy is internationally competitive. Qantas shares rose $A0.31 to close at $A5.58 on 22 February.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, JETSTAR AIRLINES PTY LTD, MOODY’S INVESTORS SERVICE INCORPORATED, CITIGROUP PTY LTD, WESFARMERS LIMITED – ASX WES

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