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Qantas (ASX:QAN) jumps on solid profit upgrade for 1HY23
Marc Kennis, November 23, 2022
Qantas (ASX:QAN) upgraded it’s profit guidance for the first half of FY23 this morning
The company cited strong domestic consumer demand as international capacity remains restricted. So, instead of travelling abroad, Australians are spending more time and money in Australia.
Fuel prices are still at high levels, though, with Qantas expected to spend $5bn of jet fuel this year, a company record. Still, it expects underlying profit before tax to end up $150m higher, at $1.35bn to $1.45nm, than it expected just 6 weeks ago.
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Qantas is a former Stocks Down Under Concierge stock that we made good money on for our subscribers. And it continues to perform with the share price up more than 5% today!
We believe this morning’s news also bodes well for a few of our current Concierge picks in the travel space. Check out Concierge today and get a FREE TRIAL now!

QANTAS chart, log scale (Source: Tradingview)
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