Qantas half yearly report records $1.25bn profit under new CEO Vanessa Hudson

Qantas has delivered a $1.25bn half year profit under the reigns of its new CEO Vanessa Hudson.

The half yearly report ending December 31 stated its profits were down from $1.43bn in the previous corresponding period.

Statutory profit after tax was $869m, down 13.2 per cent, while the company recorded a net debt of $4bn.

Ms Hudson said Qantas was continuing to work on making improvements based on the feedback the company had received from its customer base.

“There’s a lot of work happening to lift our service levels and the early signs are really positive,” she said.

“Having the financial strength to keep investing is key, and that makes the strong performance that all business units had in the first half so important.”

More to come.

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