Qantas profits descend as fares fall after Covid

Qantas profits descend as fares fall after Covid …C0NTINUE READING HERE >>>

Net profit at Australia’s Qantas dropped 28 percent for the fiscal year.
Photo: DAVID GRAY / AFP
Source: AFP

Australian airline Qantas on Thursday reported a slide in net profit as post-Covid fares dropped, but said it was working to rebuild its reputation after a string of public scandals.

Net profit fell 28 percent to Aus$1.25 billion ($US48 billion) for the financial year that ended June 30, the airline said.

It blamed lower fares as market capacity expanded after the pandemic, along…

>