The airline told investors that it could expand a $500 million share buyback program. Its chief executive, Vanessa Hudson, has apologised for poor service.
Qantas will spend an extra $80 million fixing customer service issues and says fuel costs have surged by $200 million so far this financial year.
Demand for travel remains strong, with school holiday travel up 8 per cent on last year’s September holidays. Qantas said it would carry more than 4 million passengers on 35,000 international and domestic flights, compared with 3.7 million on 28,000 flights in 2022.“This is driven by a combination of higher oil prices, higher refiner margins and a lower Australian dollar,” the company said.
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