Qantas reports record half year result with $1.43bn profit before tax

The Qantas Group earned an underlaying profit of $1.43bn before tax in the last six months of 2022 to December 31, 2022. The Group reported a profit after a span of almost three years and statutory loss of $7 billion due to the pandemic. Commenting on the results, Qantas Group chief executive officer (CEO) Alan Joyce said: “This is a huge turnaround considering the massive losses we were facing just 12 months ago. When we restructured the business at the start of COVID, it was to make sure we could bounce back quickly when travel returned. That’s effectively what’s happened,