Qantas profit leaps 28% to $1.6 billion with travel demand still strong

ABC NEWS (Australia)

Qantas has posted one of its biggest profits on the back of surging travel demand and high fares. The airline says it's going to spend some of the money updating its aging fleet and adding more capacity. Qantas has suffered several hits to its reputation including a record fine for illegally outsourcing jobs during the covid pandemic and a massive data breach and the fallout from the 'ghost flights' scandal.

Transcript

00:00All smiles after the turbulence of another self-inflicted PR disaster.

00:07The Qantas boss talking up bumper profits.

00:11We have also today announced an order for a further 20 XLRs for Qantas.

00:16The airline posting a near record profit, up 28% to $1.6 billion.

00:22As Qantas and Jetstar carried an extra 4 million passengers,

00:26Qantas said 82% of its flights were on time and 76% for Jetstar.

00:33Just don't expect fares to drop as a result.

00:36There are probably fewer low fares around because of the shortage of capacity

00:41and that's not really going to change very much.

00:44Vanessa Hudson insisted a cultural shift is underway

00:48after the airline copped a record-breaking $90 million fine

00:52for sacking 1,800 workers during the pandemic.

00:56As for whether Qantas still came out on top financially.

01:00We are accountable for that decision and we accept the penalty.

01:04While the Qantas boss is keen to move on,

01:07the scorch mark of the scathing federal court judgment remains.

01:11It described an aggressive company more concerned about its own reputation

01:15than breaking the law.

01:17Attention is now turning to executive pay and bonuses.

01:21When they're making record profits,

01:23we're seeing that siphoned off to executive pay

01:25and that really needs to stop.

01:27The airline is also facing the looming legal fallout

01:30from the massive cyber attack.

01:32Whilst we are not paying compensation,

01:34what we are doing is we are focused on continuing

01:36to support our customers.

01:38Help this Qantas cyber attack victim says she hasn't received.

01:42They should not at all get their full bonuses.

01:44With the airline's finances intact,

01:47a call for Qantas leadership to pay.

01:51They should not work through.

01:53They should have to show how to support our children's

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