Friday December 6, 2019

Qantas reports massive turnaround and return to profit

22nd August, 2015
4
In the cockpit: Alan Joyce, Qantas chief executive

Airline Qantas has reported an underlying profit before tax of AUS$975 million for the financial year ended June 30, a turnaround of about $1.6 billion compared with a loss of $646 million a year earlier.

“The driving force behind this turnaround is the $2 billion Qantas Transformation programme – the biggest step change for our company since it was privatised two decades ago . . . If it wasn’t for our transformation programme, Qantas would not be announcing...

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