Qantas reshuffles profit forecast for 2023 anticipating strong demand

Qantas Group has upgraded its profit expectation for the first half of 2023 anticipating strong travel demand. The Group now expects an underlying profit before tax of between $1.35bn and $1.45bn. This represents a $150 million increase to the profit range given in early October 2022. Qantas has reported a huge operational improvement ranking as the most punctual domestic airline in October 2022. The airline made an investment of $200 million in rostering additional staff, continued recruitment, and reserved aircraft to maintain operational efficiency anticipating heavy traffic in upcoming holidays. The Group’s net debt is now expected to fall to