“It’s a remarkable turnaround,” Qantas boss Alan Joyce said when predicting an underlying profit before tax of between $1.2bn and $1.3bn for the six months to the end of the calendar year.
Qantas previously reported losses of $7bn during the pandemic. So the shift to profitability is noteworthy. But management and the unions have two very different explanations as to how the airline turned things around.
