Outgoing CEO hails the results as a 'substantial turnaround' for Qantas.
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Qantas makes first full year profit since COVIDQantas posted a record underlying profit of $2.47 billion its first full-year profit since COVID. Last year Qantas made a loss of $1.9 billion and lost $7 billion since COVID, for that reason it will pay no corporate tax for the next few years. Qantas also cut $1 billion a year of costs from its business.
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Future Fund leads push into high-grade corporate debtAustralia’s sovereign wealth fund says 15-year high returns have prompted it to double its exposure to the domestic lending market to $1 billion.
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Qantas posts record $2.5 billion profit in 2023 financial yearOutgoing Qantas Chief Executive Alan Joyce has discussed Qantas’ record $2.5 billion profits with Sky News Business Editor Ross Greenwood.
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Australian Senate summons Qantas CEO to appear before cost-of-living inquiryAhead of unveiling what is expected to be a bumper profit on Thursday, Qantas boss Alan Joyce has been called before an Australian senate inquiry to explain high ticket prices and a controversial travel credit scheme
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Airports accuse Qantas of deliberately cancelling flights to hog slotsQantas cancelled more than one in 10 flights from Canberra to Sydney in July – three times as many flights as rival Virgin Australia.
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