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By Jamie Freed
SYDNEY (Reuters) - Qantas Airways Ltd forecast it will report a first-half profit that tops market estimates for the full year as demand rebounds, even as it spends money to improve operational reliability and sweeten wages.
Shares soared more than 12%, the biggest one-day gain in nearly two years, after the airline confirmed it would end its pandemic-driven streak of losses.
Qantas expects to report first-half underlying earnings before tax of between A$1.2 billion ($753.12 mi...
>>> Read more: Qantas shares surge as it forecasts stronger-than-expected first-half profit
SYDNEY (Reuters) - Qantas Airways Ltd forecast it will report a first-half profit that tops market estimates for the full year as demand rebounds, even as it spends money to improve operational reliability and sweeten wages.
Shares soared more than 12%, the biggest one-day gain in nearly two years, after the airline confirmed it would end its pandemic-driven streak of losses.
Qantas expects to report first-half underlying earnings before tax of between A$1.2 billion ($753.12 mi...
>>> Read more: Qantas shares surge as it forecasts stronger-than-expected first-half profit
