Australians are still “prioritising” air travel despite interest rate rises and increased “discretionary” spending as Qantas gained a record $1.4 billion half-year profit, according to Qantas CEO Alan Joyce.
Mr Joyce said the company’s investor pack research for the next 12-months “interestingly” revealed a net increase of 33 per cent of frequent flyers internationally and over 30 per cent domestically.
“But at the same time, they’re cutting back on things like alcohol, things like home purchases so they are prioritising within what they spend on,” he said in a media conference on Thursday.
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