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AAP
AAP
Business
Derek Rose

Qantas to boost wages, expects $1b profit

Qantas has made a strong return to profitability after five consecutive half-year losses due to COVID-19 and is promising $40 million in wage increases.

Chief executive Alan Joyce says the carrier expects a "very strong" profit before tax of between $1.2 billion and $1.3b for the first half of 2022/23 - far more than the $201m to $867m that analysts were expecting.

"It's a remarkable turnaround that comes after $7b accumulated losses since 2020," Mr Joyce told reporters on Thursday.

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