Shares of Australian flag carrier Qantas (ASX: QAN) hit record prices this week after the airline revealed full-year results that significantly beat expectations, with resilient demand in key markets being identified as a principal catalyst. Profits before tax rose by around 15%, with revenues rising more than 8% to A$23.82 billion for the fiscal year that ended on June 13th. The company's board lifted dividends to 33 cents, the largest in 17 years.

The airline's low-cost subsidiary, Jetstar, delivered phenomenal performance, boosted by a fleet regeneration effort and expansion into a number of new markets. Despite the airline's success, industry observers have flagged a few risks the company will face going forward. Specifically, the airline's leadership team flagged costs rising sig

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