Alan Joyce has certainly had lots of good news to report recently with Qantas back to 100 per cent pre- Covid domestic flight capacity with similar levels internationally expected to be reached by the end of the year. The airline’s cost cutting program is ahead of schedule and Qantas now expects to return to profitability…
Qantas strong balance sheet and financial discipline during the COVID-19 which included stripping out $1bn in costs has already started to pay off. Qantas now expects to return to profitability in 2023. While most airlines are still plotting a path to post-Covid recovery, Qantas’s financial objectives has shifted to growth. Qantas has been boosted by…
Now that travel restrictions hare eased Alan Joyce could borrow one of George Constanza famous lines in Seinfeld “We are back baby. We are back”. Qantas expects to be operating at 90-100 per cent of its pre-COVID domestic flight capacity by June with international traffic (resuming to Covid safe destinations) at 44%. However, there are…
Qantas half years results are in, and the outcome is again ugly. Qantas posted a $1.28 billion loss for the first 6 months of the 2022 financial year which is worse than the $1bn loss posted in the previous corresponding period. It is Qantas’ fourth consecutive half-year loss because of the Delta and Omicron Covid-19…
Read More Qantas announces $1.28 billion loss because of COVID
There has been no summer break for Qantas. In fact, quite the opposite with lots of developments since school broke up. On the plus side there has been plenty of Christmas cheer for Qantas. There is much pent-up demand for travel, especially from people wanting to see family and friends and except for WA the…
Qantas FY21 Financial Results Qantas’ 2021 Yearly Report is in, and the results were very ugly. Qantas reported a substantial (Underlying) loss of $1.83 million because of the COVID crisis. When you factor in their aircraft write-downs and redundancy costs Qantas actually made a statutory loss of $2.35 billion. Qantas ratios in particular profitability…