Qantas projects strong financial growth, expects to close H1 2022 in profit

Qantas is expecting an underlying profit before taxes between $1.2bn and $1.3bn for the first half of financial year 2023 (FY23). This follows five consecutive half years of heavy losses due to the pandemic and cumulative statutory losses of $7bn. The airline expects the net debt to fall to between $3.2bn and 3.4bn on December 31, 2022, below the bottom of the target range of $3.9bn. Qantas Group CEO, Alan Joyce, said: “It’s been a really challenging time for the national carrier but today’s announcement shows how far we’ve come. Since August, we’ve seen a big improvement in our operational