QAN News: Qantas record profit forecast, revised buyback irk workers' union - 23rd May 2023, 9:07am

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By Harish Sridharan

(Reuters) - Qantas Airways on Tuesday forecast a record annual profit and hiked its share buyback programme by up to A$100 million ($67.83 million), courting demands from a workers' union to return billions received as pandemic aid from the government.

Australia's flagship carrier expects an underlying profit before tax of A$2.43 billion to A$2.48 billion for fiscal 2023, slightly higher than a Refinitiv estimate of A$2.40 billion, underpinned by travel demand and a moderat...

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