Qantas posts ‘staggering’ $1.86 billion underlying loss

The results, which were released on Thursday, take the national carrier's statutory loss before tax over the course of the pandemic to almost $7 billion and total revenue losses to $25 billion.

Chief Executive Alan Joyce said the figures were “staggering” and the past year had been a challenge for all. Stream the news you want, when you want with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. Offer ends 31 October, 2022 >“These figures are staggering and getting through to the other side has obviously been tough,” he said on Thursday.

“The past year has been challenging for everyone. 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.”The Qantas Group has released its FY22 financial results.

Go woke, go broke. Go mandate, only Klaus is your friend.

As long as Alan Joyce is there I will continue avoiding Qantas

Bahahahaha what a shame for that little gay elf.

I'm betting the CEO still got a bonus instead of the sack.

Good i hope they shut them down

Good! I hope they all fucking sink. They can thank the globalist scum and the gruberment for their demonic hoax for the last two years.

This needs to be nationalised, can't get any worse

Sack him!

Good! TickTock

This is a business. Dollars and shareholders come first always have and always will. The rest of us in the real world are so irrelevant that try to make us look important.

Qantas, What did you expect from that evil leprechaun

Executive salaries go up and losses go up. we live in a crazy world

Try and contact someone at Qantas, almost impossible. This is what happens when organisations grow too big for their own boots, bit like Fed, State & Local Govs. We need to take back control of our lives and accept responsibility for our actions, and stop asking to be hand fed.

Joyce is only ever ‘about Joyce’

Oh no and no LNP to bail them out.

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mexico: journalist in Guerrero becomes 15th media worker killed in 2022Fredid Román, who ran an online outlet focused on state-level politics, gunned down in his car in state capital
Source: GuardianAus - 🏆 1. / 98 Read more »

The Reject Shop flags buy back after tough 2022The retailer will buy back up to $10 million in shares, saying same-store sales growth this year is positive after tough 2022.
Source: FinancialReview - 🏆 2. / 90 Read more »

John Farnham’s year from hell ahead of cancer diagnosis: ‘Beside himself’Two weeks after the death of olivianj, Australia's entertainment industry has again been rattled with johnfarnham undergoing urgent surgery for cancer. Friends and family say the music legend has been unwell for weeks, but he remains upbeat. 7NEWS Music legend johnfarnmah had to have part of his jaw removed during the 12-hour operation. 7NEWS
Source: 7NewsAustralia - 🏆 11. / 71 Read more »

Qantas loss halves as revenue jumps 54pc on border reopening travel surgeQantas roughly halves its full-year loss to $860 million, as revenue jumps 54 per cent from 2021, when state and international border closures affected air travel more severely. Joyce will probably give himself & his dodgy board a massive amount pay rise & sack more loyal Qantas workers with that terrible result! Qantas should reduce the flight price. Travellers only look for cheapest flight. Revenue up 54% but they still lost money? That is really bad...
Source: abcnews - 🏆 5. / 83 Read more »

Qantas reports $1.9b loss, plots $400m buybackQantas has reported a $1.9 billion underlying loss in the year to June 30, its third huge loss in a row as its recovery from COVID-19 continues before the airline finally expects to return to profitability in the next financial year. A buyback? With our bailout money? This should be illegal Publicly owned National Airline anyone? TAA 2.0 anyone ? 😵😵💰💰💰💰
Source: FinancialReview - 🏆 2. / 90 Read more »

ASX to lift; Results ahead: Qantas, Woolworths, WhitehavenASX to lift as markets wait for Powell speech; Slow session on Wall Street overnight, S&P 500 gains 0.2pc; WTI $US95. One of the busiest earnings season days with over 25 companies reporting; Follow for updates.
Source: FinancialReview - 🏆 2. / 90 Read more »