Qantas expects billion dollar profit for the first half of 2023

Qantas expects to report a dramatic reversal of fortune with an Underlying Profit Before Tax of between $1.2 billion and $1.3 billion for the first half of FY23. 

The blue sky forecast follows five consecutive halves of red ink due to the pandemic and cumulative statutory losses of $7 billion.

The bullish forecast has prompted the airline to pour money into staff salaries and bonuses plus customer enhancements as well as a one million seat sale.

Qantas said it expected net debt to fall to between $3.2 billion and 3.4 billion at 31 December 2022, which is below the bottom of the target read more ⇒

Source:: AirlineRatings.Com

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