
Qantas profits soar 28% to $1.6 billion
Australia’s national carrier Qantas has seen statutory profits take off thanks to strong demand across all market segments.
Australia’s national carrier Qantas has seen statutory profits take off thanks to strong demand across all market segments.
Qantas will close Jetstar Asia, the group’s Singapore-based low-cost subsidiary amid rising costs and intensified competition in the region.
Qantas Group has posted its first full-year statutory profit after tax since FY19, and claims it plans to share benefits with employees and shareholders.