Qantas boss Vanessa Hudson has unveiled her first full-year result since taking over as chief executive last September.
Qantas boss Vanessa Hudson has unveiled a $1.25 billion net profit for her first full-year financial results since taking over from former CEO Alan Joyce in September last year.
The result was impacted by $198 million in legal provisions over the year, including $128 million to settle the airline’s court case with the ACCC and a $70 million increase to provide for its illegal sacking of the ground handlers. These figures were not included in Qantas’ underlying profit. She said the profit generated would allow the group to invest in fleet renewal. Qantas faced investor and customer criticism over the past couple of years for its delayed purchase of new planes, which resulted in its average fleet age reaching 15 years.
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.
Qantas posts $1.25 billion profit after year of turbulenceQantas boss Vanessa Hudson has unveiled her first full-year result since taking over as chief executive last September.
Read more »
Qantas offering one million discounted fares in seven day saleQantas is offering more than one million discounted fares across its domestic network for a week.
Read more »
Cracks in Qantas 787 Dreamliner after tyre’s tread propelled into wingThe aircraft was damaged when tread separated from one of its wheels during take off from Rome’s main international airport en route to Perth.
Read more »
Cracks in Qantas 787 Dreamliner after tyre’s tread propelled into wingThe aircraft was damaged when tread separated from one of its wheels during take-off from Rome’s main international airport en route to Perth.
Read more »
Cracks in Qantas 787 Dreamliner after tyre’s tread propelled into wingThe aircraft was damaged when tread separated from one of its wheels during take-off from Rome’s main international airport en route to Perth.
Read more »
Qantas mistakenly sells 300 heavily discounted first class faresThe airline has vowed to rebook the customers, who scored cheap tickets to the US for less than $5,000 return, on to business class flights
Read more »