Qantas has forecast a pre-tax profit of as much as $550 million this financial year, boosted by a one-off $95 million payment from engine manufacturer Rolls-Royce for damage to one of its A380s and the subsequent grounding of its entire fleet of superjumbos.
The airline now expects to post an underlying profit of between $500 million and $550 million this year. Before today?s announcement, analysts had expected Qantas to make about $450 million in pre-tax earnings.
Qantas has previously forecast that its underlying pre-tax profits this financial year would be ??materially stronger?? than in 2009-10 when it made $377 million
Read more: http://www.theage.com.au/business/rollsroyce-deal-drives-qantas-profit-20110622-1ge9v.html#ixzz1Py2txV5Q
Ann: Trading Halt , page-4
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