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Qantas Airways Limited ( (AU:QAN) ) has issued an update.
Qantas Airways Limited reported a robust financial performance for FY25, with a 15% increase in underlying profit before tax to $2.39 billion and a 28% rise in statutory profit after tax to $1.61 billion. The airline announced an order for 20 additional A321XLR aircraft, enhancing its fleet with modern, fuel-efficient planes. Qantas and Jetstar achieved their best on-time performance since 2019, and the company plans to accelerate its domestic fleet renewal and expand its international routes. Despite rising costs in areas like engineering and wages, Qantas continues to invest in new aircraft and customer initiatives, aiming to improve operational performance and customer satisfaction. The company also resumed dividend payments, reflecting its strong financial position.
The most recent analyst rating on (AU:QAN) stock is a Buy with a A$12.00 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
More about Qantas Airways Limited
Qantas Airways Limited is a leading airline in Australia, operating both premium and low-cost carriers through its brands Qantas and Jetstar. The company focuses on domestic and international air travel, offering services that include passenger flights, freight, and loyalty programs. It has a strong market presence in the Asia-Pacific region and is known for its dual brand strategy catering to different market segments.
Average Trading Volume: 4,568,440
Technical Sentiment Signal: Buy
Current Market Cap: A$16.7B
See more insights into QAN stock on TipRanks’ Stock Analysis page.