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…
Qantas has flagged that it now expects a $2 billion loss for FY 2021. Not surprising as the airline had been hit harder than any other Australian company by COVID-19. Qantas estimates since the start of the pandemic it has lost more than $16bn in revenue, with losses from the previous and the current financial…
Read More Qantas sheds more workers; freezes pay as it heads towards a $2bn loss
There has not been much good news for Qantas of late culminating in their announced loss of $1 billion for the first 6 months of the financial year announced last month. However, these past few weeks there has been some blue sky for Qantas. First was the Federal Governments post-JobKeeper $1.2 billion aviation and tourism…