Qantas said that it made more than A$1.4 billion in profits in the first half of the year. From last year, this is a big change.

During the pandemic, Australia put in place strict travel rules, which cost the company more than A$7 billion.

Last year, there were more problems, like canceled flights, lost luggage, and people being late.

The airline said its profits went up because more people wanted to fly, ticket prices went up, and costs were cut.

As travel restrictions were lifted because of the pandemic, CEO Alan Joyce said that sales had tripled in the six months leading up to the end of December, reaching almost A$10 billion.

The A$1.4bn (£793m; $954m) profit is a big change from the A$456m loss that happened during the same time last year.

Mr. Joyce said, “This is a big change from our big losses a year ago.”

As a result of the pandemic, many countries closed their borders, and Australia made some of the strictest travel rules in the world.

Most non-Australians could only stay in the country for up to 18 months, and strict limits on who could come in meant that thousands of Australians were stuck in other countries.

Qantas said in August 2020 that it would cut tens of thousands of jobs and outsource 2,000 ground staff jobs to reduce losses.

But that led to a court case that cost a lot of money and the need for more staff.

Last year, when the restrictions were lifted, the shortages caused a lot of trouble at Australian airports. Passengers had to wait in long lines to check-in, and senior executives were called in to help.

As anger grew, it was said that eggs and toilet paper had been thrown at Mr. Joyce’s A$19 million waterfront home in August.

After a series of technical problems with its planes, while they were in the air in January, the airline pushed back against claims that the problems were widespread............Read More

Source:- Economic Insider