Qantas’ billion-dollar profit will allow the airline to invest in new aircraft, upgrade its customer lounge, and deliver bonuses to employees, explained CEO Alan Joyce.
Australia’s flag carrier delivered a $1 billion (US$680 million) net profit for the six months to Dec. 31, following a $456 million net loss a year earlier, as well as accumulated losses of $7 billion due to the pandemic lockdowns.
The positive financial recovery of the company has received criticism from Labor Senator Tony Sheldon, who claimed Qantas made its profits by “illegally sacking” thousands of workers and “ripping off customers with extortionate airfares.”
“The ‘Spirit of Australia’ should not be about making a sly buck at everyone else’s expense,” he wrote on Twitter….