‘Incredible turnaround’ from Qantas as company is set to post $1.2b profit

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Qantas is the standout performer on the stock market today after living up to the pledge to return to profit this financial half-year.

Business Editor Ross Greenwood says it was an “incredible turnaround” for the company as Qantas posted a $1.86 billion loss in the 21-22 financial year.

“It’s now saying it will make a profit of between $1.2 and $1.3 billion in this half year alone,” he said.

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The old let's write everything down to massive losses, then roll those losses over every year and pay no company tax. Yes legal under current tax laws but seriously past its use by date, focus Labor. Only if we elected AustralianLabor in May and not a LNP clone. abcnews auspol

Can we get our tax $$$ back now

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