Qantas posts A$1b profit, will pay first dividend in 7 years
Qantas has stabilised its business enough to pay shareholders a dividend for the first time in 7 years. The airline announced Wednesday it would pay out A$.07 per share off the back of a $1.02b net profit in the 2015/16 financial year, up 80% on the year before. The result fell slightly short of expectations. Analysts forecast net income of $1.13b, based on the average of 6 estimates compiled by Bloomberg. Qantas will also reward 25,000 workers who were hit with an 18-month pay freeze as part of the turnaround plan with a $3000 "record result" bonus. The airline posted a pre-tax underlying profit of $1.53b compared to $975m the year before. The market consensus forecast was $1.57b. Revenue was $16.2b - $100m short of market expectations. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-08-24/oneworld/qantas-posts-a-1b-profit-will-pay-first-dividend-in-7-years
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Qantas posts A$1b profit, will pay first dividend in 7 years
Qantas has stabilised its business enough to pay shareholders a dividend for the first time in 7 years. The airline announced Wednesday it would pay out A$.07 per share off the back of a $1.02b net profit in the 2015/16 financial year, up 80% on the year before. The result fell slightly short of expectations. Analysts forecast net income of $1.13b, based on the average of 6 estimates compiled by Bloomberg. Qantas will also reward 25,000 workers who were hit with an 18-month pay freeze as part of the turnaround plan with a $3000 "record result" bonus. The airline posted a pre-tax underlying profit of $1.53b compared to $975m the year before. The market consensus forecast was $1.57b. Revenue was $16.2b - $100m short of market expectations. <br/>
