Qantas said that its outlook for profit before tax (PBT) for fiscal 2008 was in line with market analysts' consensus figure of about $1.23 billion. "In response to market speculation and queries received from investors, Qantas confirms its outlook expectations for 2008 are in line with average analyst consensus PBT estimates of approximately $1.23 billion," the airline said. Qantas said it was yet to assess the effect on its estimates of the recently announced intention of Tiger Airways to begin services in Australia and Virgin Blue's deployment of extra capacity through new Embraer aircraft, and plans for Qantas to secure more planes to meet the new competition.