BREAKING: Qantas has posted a loss of $1.86 billion for the 2022 financial year. 9News
of nearly $2 billion, marking the third year in a row the airline has lost substantial amounts of money.
The airline cited the impact of Delta and Omicron as well as the costs of restarting flights after the lockdowns finally ended.CEO Alan Joyce said the past three years have resulted in total revenue losses of $25 billion. "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."
He said there was a big improvement in baggage handling and cancellations in August, and said he expected a return to pre-COVID standards next month.Qantas went from practically no passengers to massive queues over the course of the financial year.
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