Internal Code: MAS1574
Report Writing Assignment:
1.Calculate the weighted average cost of capital (WACC) for Qantas.
2.For the year ended June 2016 Qantas paid more than $500m to buy back shares. Explain possible reasons for Qantas to follow such a course of action?
- Record underlying profit before tax: $1.53 billion, up 57%
- Record statutory profit before tax: $1.42 billion, up 80%
- Record results for Qantas Domestic, Qantas International, Jetstar Group, Qantas Loyalty
source 1. http://www.qantasnewsroom.com.au/media-releases/qantas-group-full-year-result-2016/
source 2. http://investor.qantas.com/FormBuilder/_Resource/_module/doLLG5ufYkCyEPjF1tpgyw/fil e/full-year-results/preliminaryFinalReport16.pdf
Source 3. https://www.qantas.com.au/infodetail/about/investors/2015AnnualReport.pdf