Qantas has reported a 13% decline in its post-tax profit to $873 million in the six months to December 2023, mainly due to lower airfares as its capacity returns to normal after the COVID-19 pandemic.
Qantas has recorded a 13 per cent fall in its post-tax profit to $873 million in the six months to December 2023, largely driven by lower airfares as its capacity returns to normal after the COVID-19 pandemic. The airline's preferred profit measure of underlying profit before tax also fell by 13 per cent to $1.25 billion in the six months to December 2023. It follows the airline reporting an annual profit of $1.
7 billion last financial year — its first since before the COVID-19 pandemic grounded the aviation industry. Its half-yearly results are the first delivered under chief executive Vanessa Hudson, who replaced Alan Joyce in September after he fast-tracked his planned exit from the company after a series of scandals plagued the airline. Ms Hudson said the results follow months of work on its services after "loud and clear" feedback, and the airline has seen a significant improvement in customer satisfaction. "There's a lot of work happening to lift our service levels and the early signs are really positive," she said in a statemen
Qantas Profit Post-Tax Airfares Capacity COVID-19 Pandemic Decline CEO Vanessa Hudson Customer Satisfaction
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