Qantas (ASX: QAN) likely to witness revenue growth in FY24 amid continuing travel demand.

Tue 05 Sep 23, 10:25 AM | Team Kalkine

Image source: © Mingchai | Megapixl.com

Highlights

Qantas Airways Limited (ASX: QAN) is an ASX-listed firm that offers domestic and international air transportation services. Qantas Domestic, Qantas International, Jetstar Group and Qantas Loyalty are the major segments of the airline company. Qantas also has an interest in businesses like travel and holiday operations.

Qantas has been registering losses for the past three years, and in FY23, the company posted a positive bottom line of AUD 1.74 billion. In FY23, the company’s revenue soared by 117.56% over the previous year to AUD 19.8 billion as the operational performance improved substantially after COVID-19. The revenue growth was also driven by a growth of 132% in flying as compared to FY22 and the completion of its AUD 1 billion recovery program.

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