Qantas delivers record profit, international fleet set to increase


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

0 0 votes
Article Rating

New York attorney general seeks summary judgment

Previous article

Veteran economist Jim O’Neill says interest rates should stay around 5% for longer

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings