SYDNEY May 4 Qantas Airways Ltd,
Australia's No. 1 airline, said it expected to post a full-year
underlying profit before tax slightly ahead of analysts'
estimates after domestic market conditions improved and
challenging conditions in the international market moderated.
The forecast full-year underlying pretax profit of A$1.35
billion to A$1.4 billion ($1.00 billion to $1.04 billion) for
the financial year ending June 30 would be the second highest in
the airline's history.
That is above the average estimate of A$1.34 billion of
eight analysts polled by Thomson Reuters I/B/E/S.
Qantas had not previously released full-year profit
guidance. The full-year guidance would represent a fall of 8.5
percent to 12 percent from last year's record A$1.53 billion
underlying profit before tax.
($1 = 1.3493 Australian dollars)
(Reporting by Jamie Freed; Editing by Edwina Gibbs)