This is the negative bit from media, but I don't care, stay for longer term.
Is this as good as it gets for Qantas, given it just reported its biggest profit in history? Elizabeth Knight asks:
The answer is almost certainly no. But make no mistake - Qantas is certainly in a sweet spot.
Despite the big numbers it produced in the 2016 financial year result - a 57 per cent boost in pretax earnings to more than $1.5 billion - this outcome was achieved amid a domestic aviation environment that is still pretty patchy.
For the most part, Qantas was able to post its record profit on the back of what it calls a transformation, which has been in progress for a couple of years, and a very strong tail wind from low fuel prices.
Put simply Qantas has nearly completed an overhaul of its operations that puts in place a structure and cost regime that should allow it to make even more money if the domestic market gets a bit stronger and it achieves better pricing power for its airfares.
Qantas had already warned investors that their earlier expectations for 2016 would not be met because of some softness in the domestic market, and even after downgrading their forecasts analysts had still been expecting 2016 profit to be a bit higher.
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