Qantas records $1.9 billion loss as it takes off again after pandemic

of nearly $2 billion, marking the third year in a row the airline has lost substantial amounts of money.

The airline cited the impact of Delta and Omicron as well as the costs of restarting flights after the lockdowns finally ended.CEO Alan Joyce said the past three years have resulted in total revenue losses of $25 billion. "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."

He said there was a big improvement in baggage handling and cancellations in August, and said he expected a return to pre-COVID standards next month.Qantas went from practically no passengers to massive queues over the course of the financial year.

And he wonders why his house is being egged. The masses are rising to the baracade .. ' Greed is good'

Joyce will still get his bonus.

What did Swissport make

Great news..

Here we go. Get ready for Qantas to ask for more handouts from the government. sackjoyce

He should return the millions he handed out in executive bonuses over the last two years. It’s was all tax payer money that he squandered. Sack Him

Watch joyceeboy hang the cap out to albo for a top up so he can continue riding the gravy train.

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Qantas posts $1.9b loss as COVID damage grows, announces share buybackQantas has reported an underlying before-tax loss of $1.9 billion as it grapples with the continuing effects of the COVID-19 pandemic but chief Alan Joyce says the airline is showing signs of a strong recovery. ameliamcguiree the job saver money must have been worth it ameliamcguiree That's about $1.50 for every piece of luggage lost. (Rough guess) ameliamcguiree Australian taxpayers slugged out $2 billion dollars for this pathetic corporation and Joyce turns around and spends it on share buybacks so he and his pals get their executive bonuses. Rehire those workers you sacked illegally and give our money back
Source: smh - 🏆 6. / 80 Read more »

Qantas posts $1.9b loss as COVID damage grows, announces share buybackQantas has reported an underlying before-tax loss of $1.9 billion as it grapples with the continuing effects of the COVID-19 pandemic but chief Alan Joyce says the airline is showing signs of a strong recovery.
Source: brisbanetimes - 🏆 13. / 67 Read more »

Qantas posts $1.9 billion underlying lossQantas has posted a $1.9 billion underlying loss for the full 2022 financial year. The airline released its annual profit results on Thursday morning. Get rid of Joyce. He’s a dud. Oh dear 😅 How did this happen ? Maybe because people weren’t allowed in or out without a experimental gene therapy treatment. They should ask the government for some money. ? Get another handout from taxpayers that should fix it.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Qantas posts deep loss as COVID damage grows, announces share buybackQantas has reported an underlying before-tax loss of $1.9 billion as it grapples with the continuing effects of the COVID-19 pandemic but chief Alan Joyce says the airline is showing signs of a strong recovery. ameliamcguiree Will the Qantas board/CEO cut their own salaries, benefits or fire more staff. ameliamcguiree This is what they wanted. Let it rip! ameliamcguiree $400M buyback just how much money did they get gifted by ScoMo? disgrace, next crisis, make the equity go to zero.
Source: theage - 🏆 8. / 77 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...
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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 »