Qantas could pay the cooperate taxes next year following the bottom line profit of $607 million made in the first half of the current financial year. Qantas hasn’t paid corporate tax since 2009 because it has carried forward previous losses. The company still has $368 million available in carried forward tax losses.
The company allotted $500m to shareholders through a buyback and a interim dividend of 7 cents per share on 12 April 2018. The shares are trading at $5.88 per share.
Allan Joice, the CEO is with Qantas for the past 10 years and expressed his intention to stay until Qantas 1000 years that fall in 2020.
Qantas all said that firming the remaining 787 orders in option will depends on the business case of current B787s in operation. Qantas confirmed to replace Jetstar A320/A321 fleet with 18 A321LR in 2020, and retire four of its oldest 747-400 by the end of 2019 and replace them with 787s expects to be delivered the same year.