Qantas on track to deliver record $2.5bn profit amid surging travel demand

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…

Read more on theguardian

Written by bourbiza mohamed

Rioters hurl missiles at police in ‘large scale disorder’ at Cardiff crash scene

Terror trial jury dismissed as NSW judge rules man’s actions were due to ‘acute’ mental illness