QANTAS shares rise to the high registration, as the profit jumps to the strong demand for travel

The shares of the Australian carrier company in Gantias rose to a record level on Thursday after the results of its profits on the basis of the year overcame estimates, supported by flexible demand through its local and international networks.

QANTAS shares rose to 13.59 % in early trading, before gaining 9 % trading gains from 12:33 pm local time (10.33 pm East on Wednesday).

I mentioned the carrier a 15 % jump in the basic profit before taxes To 2.39 billion dollars ($ 1.6 billion), overcoming an estimated consensus of the AD 2.38 billion. Its revenues increased by 8.6 % to 23.82 billion dollars for the year ending June 30.

QANTAS also stated the distribution of final profits of 16.5 Australian cents per share and an additional special payment of 9.9 cents, which amounts to the total normal profits for the year to 33 cents per share The largest annual payment in 17 years.

Vanessa Hudson, CEO of Kantas, noticed that the budget arm, Jetstar, had a “prominent year” while renewing her fleet, which is getting a big boost. It comes despite the closure of the Asia arm in Jetstar on July 31 due to “high costs and competition in the region.”

“The closure of Jetstar Asia supports the Qantas Group Strategy to recycle capital to improve long -term returns, support the regeneration of the fleet, and enhance basic markets,” she said.

The subsidiary company recorded a 55 % jump in the annual profits, where a record folded 16 million local passengers,

Hudson noted that there are strong foundations throughout the group that some costs have risen over the inflation rate, which reduced the benefits of the cheaper fuel.

In the future, Qantas has applied to 20 Airbus A321xlr, including 16 seats in the degree of false business, indicating the pushing of the narrow body capacity.

The results also come in the aftermath of the recently struck Qantas with a Register 90 million dollars To dismiss 1,800 ground employees.