Qantas (ASX:QAN) jumps on solid profit upgrade for 1HY23

Marc Kennis 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.

 

No time to do stock research, but you still want to invest?
 
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!

 

GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY

 

 

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

QANTAS chart, log scale (Source: Tradingview)

 

 

 

No time to do stock research, but you still want to invest?
 
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!

 

GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY

 

No credit card needed and the trial expires automatically.

 

 

 

Blog Categories

Get Our Top 5 ASX Stocks for FY25

Recent Posts

Coles Supermarkets

Is Coles’ 10% Product Reduction a Smart Strategy for Long-Term Growth or a Temporary Cost-Cutting Measure?

Every time you enter a supermarket, do you become overwhelmed by all the available choices? Australian supermarket giant Coles has…

vinyl group

Vinyl Group (ASX:VNL) is finding its groove in 2025

Vinyl Group (ASX: VNL) is the only ASX-listed company offering exposure to the music technology and media industries. It has…

Private Australian Companies

6 Private Australian Companies that we wish were ASX-listed

6 Private Australian Companies that we wish were ASX-listed Canva We don’t think we’re alone here not only in putting…