WATCH LIVE: Qantas earnings briefing; Whitehaven $1.95b record profit; Appen swings to half-year loss, warns on guidance; Charter Hall forecasts 6pc dividend growth; Eagers declares record interim dividend; Follow for updates.
Qantas chief executive Alan Joyce has said the airline has lost more than $7 billion and lost revenue more than $25 billion since the start of the pandemic. The losses during that period have counteracted the profits made in the five years prior, he said.
Since flights have started ramping up, Joyce said revenue intake for leisure travel is now around 125 per cent of pre-COVID levels. For business travel, it’s at 90 per cent.The mishandled bags rate reached 11 in every 1000 in July, but it’s has since dropped to six in every 1000. Joyce says the mishandle rate is expected to revert back to pre-COVID levels in September.
Joyce conceded that Qantas has struggled to handle the rebound in travel demand due to the labour shortage in the aviation sector. “It was incredibly tough on our people and deeply frustrating for our passengers. It simply wasn’t good enough and for that we have apologise.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Student loan forgiveness: Biden to outline $10,000 debt relief plan - livePresident had campaigned on promise of loan forgiveness of up to $10,000 for those struggling with student debt
Read more »
Live: NSW now: Further industrial rail action expected to cause delays across suburban linesIt will be yet another day of disruption across Sydney's rail network, with reduced services across all suburban lines.
Read more »
‘People will watch anything’: Hillary Clinton releases trailer for new showBroadcaster Justin Smith says “people will watch anything” after a trailer for former US presidential candidate Hillary Clinton’s show with her daughter Chelsea Clinton was released. “I’ve never been a big fan of Hillary Clinton – in fact I would be quite the opposite – I think she’s an atrocious human being,” he told Sky News host Chris Kenny.
Read more »
‘I live in fear’: can Colombia’s new president ease violence at the border?As armed groups prosper, local residents put hopes Gustavo Petro’s pledge to normalise relations with Venezuela
Read more »
Australia news LIVE: Crossbench pushes PM for wide-ranging inquiry into Scott Morrison’s ministerial appointmentsA bigger immigration intake could improve state and federal budgets by $38 billion over the next decade, there’s a push to unmask the staff involved in the secret portfolio saga and doctors are calling for an urgent reform of Australia’s “broken” healthcare system.
Read more »
Live: Em Rusciano to spotlight ADHD at National Press Club as our experts answer your questionsGot a question about ADHD? Join our expert panel as they answer your burning questions following Em Rusciano's National Press Club address. Follow live.
Read more »