Qantas (QAN) share price rallies with earnings momentum
QAN +2.86%: A strong session today for the flying Kangaroo as they officially moved from defence into offence ordering a suite of new planes while also saying that 2H22 EBITDA would be $500m, a long way ahead of the market expectations for $200m. Debt levels have also fallen by around $1bn and while they’ll still lose around $1.3bn in FY22, they should return to profitability earlier than expected in FY23. QAN now has a better cost base to take advantage of the looming upswing with the next few years likely to be very strong for them.