- Qantas reported an underlying pretax profit of A$1.39 billion, slightly below the estimated A$1.4 billion.
- The company’s net income was A$923 million.
- Revenue and other income reached A$12.13 billion, surpassing the estimate of A$11.86 billion.
- Qantas achieved an underlying EBIT of A$1.51 billion, exceeding the estimated A$1.45 billion.
- Qantas Domestic recorded an underlying EBIT of A$647 million, below the expected A$720.7 million.
- Qantas International generated an underlying EBIT of A$327 million, missing the A$358.5 million estimate.
- Jetstar outperformed expectations with an underlying EBIT of A$439 million, against the A$352.9 million estimate.
- Qantas Loyalty’s underlying EBIT was A$255 million, slightly under the A$257 million estimate.
- The company’s fuel cost was A$2.54 billion, marginally below the projected A$2.55 billion.
- Net free cash flow amounted to A$677 million.
- Analyst recommendations for Qantas include 10 buys, 5 holds, and 1 sell.
A look at Qantas Airways Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma’s Smart Scores, Qantas Airways shows a positive long-term outlook with high scores in Growth and Momentum factors. The company’s strong Growth score indicates potential for expansion and development in the future, while its Momentum score reflects a robust trend in stock performance. Qantas’ diversified revenue streams, including Qantas Frequent Flyer and Qantas Freight, add value for both customers and investors, contributing to its overall resilience in the market.
Despite lower scores in Value and Dividend factors, Qantas Airways‘ strategic positioning in the transportation sector, operating full-service and low-cost airlines, presents opportunities for continued growth. Investors may find Qantas a compelling choice for long-term investment, given its solid performance in growth and momentum, supported by its established brand reputation and diverse service offerings.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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