Qantas Says International Flying Will Be Twice as Lucrative in Post-Covid Era
- Airline says it also expects wider domestic profit margins
- Forecasts suggest there’s no immediate end to soaring fares
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Qantas Airways Ltd. said international flying will be at least twice as lucrative in the post-Covid era, thanks to new income from marathon direct flights that crisscross the world and deep cost cuts during the pandemic.
In its first investor day in four years, the Australian airline on Tuesday laid out the projected boost from a vast fleet overhaul and a three-year turnaround plan implemented shortly after Covid grounded travel in 2020.