Qantas Posts Major Annual Loss Over A 1 Billion

The Qantas Group has posted its third consecutive Statutory Loss Before Tax of more than A$1 billion, reflecting the Delta and Omicron impacts as well as upfront costs from restarting the airline as lockdowns finally ended. For the full 2022 financial year, the Group experienced an Underlying Loss Before Tax of $1.86 billion and a Statutory Loss Before Tax of $1.19 billion. The difference between these two measures largely reflects the $686 million net gain on sale of surplus land, which helped reduce COVID-related debt.

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