Qantas shares the splash to record the high as the profits jump on reliable demand for travel

The Australian Carrier Flag Qantas has grown to a record high Thursday after the full -year profit has won the assessment, subjected to elastic demand in their domestic and international networks.

In the early trading, Qantas shares increased to 13.59% before solving profits to trade 9% higher than at 12:33 local time (22.33 et Wednesday).

Carrier reported 15% Jumping Main Profit Prior to Taxation Up to $ 2.39 billion ($ 1.6 billion), beating a prominent alpha consensus estimate by $ 2.38 billion. Its profits increased by 8.6% to $ 23.82 billion a year ended on June 30.

Qantas also stated the final dividend in 16.5 Australian cents per share and additional special payment of 9.9 cents, which led to common ordinary dividends a year to 33 cents per share – airline The largest annual payment for 17 years.

Qantas CEO Vanessa Hadson noted that his budget hand, Jetstar had a “outstanding year”, and his fleet update fueled a significant increase in profits. This is despite the closure of Asia Arm Jetstar’s Asia on July 31 from the “Costs and Competition in the Region”.

“Closing Jetstar Asia supports the Qantas Group Group on capital disposal to improve long-term profit, support for the fleet upgrade and strengthening major markets,” said Cantas.

The subsidiary has placed 55% jump in annual profit when it flew 16 million domestic passengers,

Hadson noted that Despittethe’s strong results across the group increased above the inflation level, which reduced the benefits of cheaper fuel.

Going forward, Qantas placed an order for another 20 Airbus A321XLR aircraft, including 16 with the Lie-Flat Business Class seats, which signaled the impetus to the high capacity.

The results also come on the heels of Qantas recently affected by Write down a fine of $ 90 million for the illegal dismissal of 1800 ground employees.