Qantas has also announced that its 2007 profit will be as much as 30% higher than this year on strong demand for travel and a decline in the cost of jet fuel.
In a statement to the Stock Exchange, the airline has forecast it’s profit will be between 25 and 30% more than 2006.
The airline has reported 13 straight years of profit, withstanding an industry slump that triggered billions of dollars in losses worldwide.
Qantas is currently looking at a takeover approach by Macquarie Bank and Texas Pacific Group.
The board has it’s first meeting today to discuss the offer.
Report by The Mole
