Air Transport World


Qantas indicated that it would at least match its record 1997-98 net profit of A$340 million in the 199899 financial year ended June 30 without including A$60 million in proceeds from the sale of certain investments. The airline, in an offering memorandum for a A$350 million notes issue, also says its yields remain under pressure from foreign operators redeploying surplus capacity in its key markets and discounting. Qantas intends to use the funds raised through the offering to repay short-term debt and cover the cost of two 747-400s being acquired later this year. …

Log in to your account to read this article – and millions more.