After three years of losses, Qantas posts $1b half-year profit

 Australian airline Qantas (ASX: QAN) has returned to profit after three years and $7 billion in statutory losses due to the pandemic’s impact on the aviation industry.

The company today told shareholders it achieved a $1 billion statutory profit after tax for the first half, leading it to announce a share buy-back and bonuses for 20,000 non-executive staff.

Underlying profit before tax reached $1.43 billion in the half - 49 per cent higher than the prior first-half record result achieved in FY18 - driven by "consistently strong" travel demand, higher yields and cost improvements.

Read More: https://www.businessnewsaustralia.com/articles/after-three-years-of-losses--qantas-posts--1b-half-year-profit.html



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