Qantas’ underlying profit in the last six months was $1.2 billion, down 13 per cent, largely due to falling airfares.
Qantas’ net debt is $4 billion but will rise in the next 12 months as the airline speeds up its fleet renewal.
The company pays no company tax and is working off $7 billion of losses during the COVID years meaning there is no dividend.
Qantas instead announced a further $400 billion share buyback.
“Airfares in the last period have come down by ten per cent across the board, across both Qantas and Jetstar, domestic and also international,” Qantas CEO Vanessa Hudson told Sky News Business Editor Ross Greenwood.
source
It will get worse, still persona non grata. Low standard staff, disgusting food
I hope they listened to their customers and have got rid of the 1970's developed nauseating welcome to country
Just start saying sorry to my family , the made them to loose their flight to Brasil delaying a connexion flight from brisbane to Sydney, they didn’t care , didn’t look after my family at all ,very rude unhelpful staff and at the end after my mother and sister been waiting for 16 hours at the airport for another flight quantas have to them a 15 bucks food tickets without any founds in it lol , this company is a joke to all Australian people ,middle class hard workers ,it a a shame , I used to love that company but today is my last option
You mean less people are flying with the woke airline.
No sane person would fly with any Qantas company’s , total incompetence in a company…..
Haven’t bought a Qantas ticket since 2014 and hopefully never will 😂
It's almost as if ripping off customers, shockingly company-money bilking management, openly politician- and media-buying via Chairmen's Lounge memberships, hub-hoarding, appalling service, screwing loyalty members trying to use points, tired planes, illegally sacking your own workers, and hiring the person at the VERY CENTRE of the aforementioned customer ripoffs – as the new CEO…..only 13%?….hold my beer….that's nothing compared to what's likely coming.
Qantas should never of been privatised. It’s a scam, politicians have transferred Billions of taxpayers money into the hands of the private sector.
National carrier.. but does not service the Australian city called Adelaide internationally!!!!
Same sardine seating, same minimal area per indevidual, same cancer causing, polluting planet carbon benzeen fuel, & whatever u do don't say le word " QWANTES " , cause then Hughee might have free clean fuel 4rom WaterH2O. With void field space hyperdrive capabilitee. All clean and free, pending staff wage's, food, & airport taxe's.
If it wasn't for government flights and tourism handouts, this airline would have gone bust years ago.