Qantas Airways on Tuesday forecast its international divisions to be twice as profitable in the post-COVID era on strong recovery in tourism, with earnings at domestic and loyalty divisions also projected to improve.
Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photoon Tuesday forecast its international divisions to be twice as profitable in the post-COVID era on strong recovery in tourism, with earnings at domestic and loyalty divisions also projected to improve.
"This is a structurally different business than it was before COVID, operating in markets that have also changed," Alan Joyce,Project Sunrise, which will start with Sydney to London and New York on Airbus A350-1000 aircraft, is projected to deliver earnings in excess of around A$400 million every year from when all 12 aircraft ordered complete their first full year in service.
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