As he so often does, Betoota Advocate cadet Wendell Hussey bottled the zeitgeist last week with his headline “Alan Joyce Laughs When Asked Whether A Billion Dollar Profit Means Qantas Will Pay Tax This Year.”
On Thursday, Qantas reported a $1.4 billion profit before tax for the six months to December 31. By any measure, this is a whopper. The accounts for the second half are yet to come. Its current record annual statutory pre-tax profit, set in 2018, is $1.4 billion.
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Joe Aston is the founder of Rampart and the best-selling author of The Chairman’s Lounge: The inside story of how Qantas sold us out. From 2012 to 2023, Joe helmed The Australian Financial Review’s Rear Window column. Email Joe at hello@rampart.news
