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Quiz: Qantas’ first overseas flight was to which city?Are you an expert traveller? Test your knowledge with the weekly travel quiz.
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Qantas makes first full year profit since COVIDQantas posted a record underlying profit of $2.47 billion its first full-year profit since COVID. Last year Qantas made a loss of $1.9 billion and lost $7 billion since COVID, for that reason it will pay no corporate tax for the next few years. Qantas also cut $1 billion a year of costs from its business.
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Qantas reveals record $2.5 billion profitQantas recorded an underlying profit of $2.47 billion in chief executive Alan Joyce’s final year at the helm as travel demand recovered strongly after the pandemic.
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Qantas expected to post $2.5 billion profitQantas is set to announce a record full-year profit of approximately $2.5 billion today after experiencing a financial sweet spot since the lifting of COVID-19 travel restrictions. The national carrier has made use of higher airfares in order to contribute to what could be a record profit announcement.
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‘Remarkable turnaround’: Alan Joyce comments on Qantas’ economic profitsOutgoing Qantas CEO Alan Joyce has described the company’s post-record $2.5 billion profit as a “remarkable turnaround” following the COVID-19 pandemic's economic struggles. “This is a remarkable turnaround three years in the making, and it’s been hard,” Mr Joyce said.
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Qantas expects 100 per cent international travel capacity by mid-2024According to Outgoing Qantas CEO Alan Joyce, Qantas expects international travel to be back at 100 per cent capacity by the middle of 2024. “We expect international travel will be back at 100 per cent by the middle of next year, which is the fastest that we can get some of these large widebodies back through maintenance and back into service,” Mr Joyce said.
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