(MENAFN- ProactiveInvestors)
Qantas () is benefiting from a falling Australian dollar and a lower oil price.
The company's shares price is up 14% today to $2.40 close to double its valuation from just six-months ago.
The company said it expects to receive a $30 million benefit in the first half from lower Australian dollar fuel prices.
Qantas expects to report an Underlying Profit Before Tax in the range of $300 million to $350 million for the first six months of financial year 2015.
All operating segments of the Qantas Group are expected to be profitable in the first half at an Underlying Earnings Before Interest and Tax level.
The strong turnaround in the Group’s financial performance is being driven by rapid progress with the $2 billion accelerated Qantas Transformation program announced 12 months ago.
To date all targets under the program have been either met or exceeded.
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