Analysts at Jefferies anticipate that the FY23 results for Australia’s leading carrier, Qantas (ASX:QAN), will echo the demand trends in upcoming bookings.

The brokerage is forecasting the company to report an underlying pre-tax profit of A$2.47 billion.

According to Jefferies, the resurgence of international business travel demand, together with steady leisure demand, could still enhance international earnings for Qantas in FY24.

The firm also predicts a modest A$200 million buyback in fiscal 2024, a reduction from A$1 billion in FY23.

The main point of interest remains the durability of demand through FY24, especially domestically for Qantas, says the brokerage.

The stock has experienced a 4.3% increase this year, up to the last closing point.

Qantas (ASX:QAN) is Australia’s flagship airline carrier.