Mixed results
Short-term pain for Australia’s airlines as they make fundamental change for the future.
Australia’s major airlines are in a period of transition, re-engineering their operations in an effort to cope with mounting cost pressures and a fast-changing aviation landscape. Do their latest financial results provide a clue to progress?
On the surface it appears almost farcical to suggest, as most of the media did, that Qantas’ latest financial results were a significant success. A $6 million after tax profit on $15.9 billion worth of revenue – a pitiful 0.1per cent return – with no payout to shareholders would, in normal circumstances, be enough to send investors stampeding for cover. Add Virgin Australia’s $98.1 million deficit and you would be forgiven for thinking Australia’s airline sector was in dire straits.
This content is available exclusively to Australian Aviation members.
Subscribe to Australian Aviation for unlimited access to exclusive content and past magazines.A monthly membership is only $5.99 or save with our annual plans.
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin