QAN News: Qantas shares rally on strong demand for flights - 13th Oct 2022, 4:28pm

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Australia’s flag carrier Qantas has said it will return to profit this year, sending its shares up by as much as 12 per cent and marking the end of a financial crisis during the coronavirus pandemic. Qantas, known as the “Flying Kangaroo”, said on Thursday that it would report an underlying pre-tax profit of up to A$1.3bn (US$815mn) in the six months to December, double market estimates, as strong demand for flights offset higher fuel costs and inflation. Qantas reported three con...

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