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Even Covid Can’t Stop Qantas Flying Too Close to the Sun

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The impression on income is more likely to show much less heartwarming. With out the quasi-monopolistic standing it enjoys domestically, worldwide aviation has all the time been a lower-margin enterprise. Evaluate, for example, its earnings earlier than curiosity and tax, per seat, per kilometer. Within the 2020 fiscal yr, home routes yielded round 0.7 Australian cents of revenue on that foundation, roughly a 3rd of what they’d make in a yr not hit by months of pandemic. Worldwide routes, nonetheless, attain solely 0.5 or 0.6 Australian cents in even a superb yr, and slipped to 0.1 cents in 2020 (each markets slipped into the purple over the previous yr, helped alongside by that slug of depreciation).

https://www.washingtonpost.com/enterprise/even-covid-cant-stop-qantasflying-too-close-to-the-sun/2021/08/26/cabfea8c-06b9-11ec-b3c4-c462b1edcfc8_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | Even Covid Can’t Cease Qantas Flying Too Near the Solar

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