Business
What to expect from the Qantas (ASX:QAN) first half result
With earnings season now underway, I have been looking at what is expected from some of Australia’s most popular companies.
On this occasion, I’m going to take a look at airline operator Qantas Airways Limited (ASX: QAN).
What is the market expecting from the Qantas half year result?
Unsurprisingly, given the impact that COVID-19 is having on the travel industry, the market is expecting Qantas to report a significant loss for the first half of FY 2021.
According to a note out of Goldman Sachs, its analysts are forecasting an operating loss of $65 million for the half. This is down from an operating profit of $1,896 million a year earlier.
On the bottom line, the broker is forecasting a loss before tax of $1,171 million. This is…
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