Qantas Back On Track: What Do We Make Of The Carrier’s Full-Year Results?

Shares of Australian flag carrier Qantas (ASX: QAN) hit record prices this week after the airline revealed full-year results that significantly beat expectations, with resilient demand in key markets being identified as a principal catalyst. Profits before tax rose by around 15%, with revenues rising more than 8% to A$23.82 billion for the fiscal year that ended on June 13th. The company’s board lifted dividends to 33 cents, the largest in 17 years.