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Qantas is on track to deliver a record net profit of up to $2.48bn this financial year amid surging travel demand, representing a sharp financial turnaround for Australia’s national carrier.
The forecast full-year result is underpinned by a flying schedule that is now more profitable than before the pandemic, Qantas disclosed in a market update on Tuesday.
The forecast result to 30 June could be almost $1bn higher than its prior record in 2018, which came in at $1.6bn.
Qantas’s profit margins have been helped by huge demand for domestic and international flights, high ticket prices and…
