Qantas announces stronger profit
Qantas has also announced that its 2007 profit will be as much as 30% higher than this year on strong demand for travel and a decline in the cost of jet fuel.
In a statement to the Stock Exchange, the airline has forecast it’s profit will be between 25 and 30% more than 2006.
The airline has reported 13 straight years of profit, withstanding an industry slump that triggered billions of dollars in losses worldwide.
Qantas is currently looking at a takeover approach by Macquarie Bank and Texas Pacific Group.
The board has it’s first meeting today to discuss the offer.
Report by The Mole
John Alwyn-Jones
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.

































Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025