Menu
Menu
Qantas warns of cloudy financial outlook

Qantas warns of cloudy financial outlook

The long-term prognosis for the airline industry remains uncertain, Qantas has warned.

“The global economic outlook remains uncertain and we are yet to see substantial improvements in underlying business conditions,” Chairman Leigh Clifford wrote in the company’s annual report, published today.

Significant capacity increases by Qantas group competitors – some of whom enjoy more favourable tax arrangements – also threaten to impede the airline’s recovery, he added.

Qantas announced in August that its full year net profit had declined 88% to $117 million.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags Qantasairlinesfinancial results

Show Comments

Market Place

Computerworld
ARN
Techworld
CMO