Qantas forecasts bumper profit due to strong travel demand and capacity rise

Qantas forecasted that it would make a profit between AU$2.425 billion to AU$2.475 billion in the financial year ending June 30th, 2023. It also forecasted that net debt would be in the range of AU$2.7 billion to AU$2.9 billion far below its debt target of AU$3.7 billion to AU$4.6 billion. The Group attributed these figures to strong travel demand and completion of its three-year recovery program. The Group reported increase in flying activity in second half with new aircraft arrivals, the return of widebody aircraft from long-term storage and improvement in operational reliability. The Group has predicted the domestic capacity