Earnings

Qantas delivers record profit, international fleet set to increase

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Australia’s Transport Workers’ Union have asked Qantas’ CEO to resign over for “empty promises to frustrated passengers” and “announcing more tactics to silence workers and suppress wages.”

Phil Noble | Reuters

Australia’s flagship carrier Qantas Airways reported a record annual profit on Thursday as demand for air travel continues to boom post-pandemic, with the airline announcing a share buyback and plans to bring more planes to the sky.

The carrier announced it had reached an underlying profit before tax of $2.47 billion Australian dollars ($1.6 billion) for the year that ended June 30, from the previous A$1.86 billion loss a year ago, a statement read. 

The board has also approved A$500…



Source cnbc.com

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