Earnings GrowthQantas's loyalty program, one of the world's most diverse, is expected to further boost earnings growth with underlying EBIT expected to reach AUD500-550m.
Market ShareQantas has increased its market share in both the domestic and international markets due to consolidation in the sector and its stronger financial position.
Shareholder ReturnsResumption of shareholder returns is expected to catalyse share price re-rating, with Qantas having been free cash flow positive for the past quarters.