Qantas result impress

Today, Qantas continued its positive run with the announcement of its full year 2017 results. With an underlying profit before tax of $1.401bn for the 12 months ended 30 June 2017, this is the second highest performance in the airline’s 97-year history, which represents an 8.5% decline compared to the previous year. The group’s statutory profit before tax was $1.181bn, with statutory earnings per share of 46cents. The reported return on invested capital was 20.1%, with Net free cash flow of $1.309bn. Qantas’ results are slightly above the guidance range provided in early May this year, mainly due to strengthening