Qantas freight arm bounces back
27 / 02 / 2015
Qantas Freight reported underlying pre-tax and interest earnings of A$54m, an improvement of A$43m and the division’s best first-half result since 2006.
The company stated: “International cargo markets continued to recover, accounting for A$44 million of underlying EBIT, with the China-US and US-Australia markets performing well.
“The domestic market was more challenging, in line with the mixed economic environment.”
Net freight revenue in the first six months of the financial reporting year was A$485m, down by three per cent on the like period prior period. The cargo division also saw improved yield and load following exit of one B747F.
Qantas currently has four B737-300SF and one B767-300SF in its fleet.