Qantas posts ‘staggering’ $1.86 billion underlying loss

Australia News News

Qantas posts ‘staggering’ $1.86 billion underlying loss
Australia Latest News,Australia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 78%

Qantas has posted its third consecutive loss of more than $1 billion since the start of the COVID-19 pandemic.

The results, which were released on Thursday, take the national carrier's statutory loss before tax over the course of the pandemic to almost $7 billion and total revenue losses to $25 billion.

Chief Executive Alan Joyce said the figures were “staggering” and the past year had been a challenge for all. Stream the news you want, when you want with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022 >“These figures are staggering and getting through to the other side has obviously been tough,” he said on Thursday.

“The past year has been challenging for everyone. We had to ramp down almost all flying once Delta hit and stay that way for several months before ramping back up through multiple Omicron waves as we all learned to live with COVID in the community.”The Qantas Group has released its FY22 financial results.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

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.

Mexico: journalist in Guerrero becomes 15th media worker killed in 2022Mexico: journalist in Guerrero becomes 15th media worker killed in 2022Fredid Román, who ran an online outlet focused on state-level politics, gunned down in his car in state capital
Read more »

The Reject Shop flags buy back after tough 2022The Reject Shop flags buy back after tough 2022The retailer will buy back up to $10 million in shares, saying same-store sales growth this year is positive after tough 2022.
Read more »

John Farnham’s year from hell ahead of cancer diagnosis: ‘Beside himself’John Farnham’s year from hell ahead of cancer diagnosis: ‘Beside himself’Two weeks after the death of olivianj, Australia's entertainment industry has again been rattled with johnfarnham undergoing urgent surgery for cancer. Friends and family say the music legend has been unwell for weeks, but he remains upbeat. 7NEWS
Read more »

Qantas loss halves as revenue jumps 54pc on border reopening travel surgeQantas loss halves as revenue jumps 54pc on border reopening travel surgeQantas roughly halves its full-year loss to $860 million, as revenue jumps 54 per cent from 2021, when state and international border closures affected air travel more severely.
Read more »

Qantas reports $1.9b loss, plots $400m buybackQantas reports $1.9b loss, plots $400m buybackQantas has reported a $1.9 billion underlying loss in the year to June 30, its third huge loss in a row as its recovery from COVID-19 continues before the airline finally expects to return to profitability in the next financial year.
Read more »

ASX to lift; Results ahead: Qantas, Woolworths, WhitehavenASX to lift; Results ahead: Qantas, Woolworths, WhitehavenASX to lift as markets wait for Powell speech; Slow session on Wall Street overnight, S&P 500 gains 0.2pc; WTI $US95. One of the busiest earnings season days with over 25 companies reporting; Follow for updates.
Read more »



Render Time: 2025-03-28 02:47:29