Airlineratings.com Editor-in-Chief Geoffrey Thomas has appeared on SkyNews Newsday to discuss the Qantas result.

Mr Thomas said that while the $1.90 billion loss was significant it was broadly in line with forecasts and there were good signs that the worst was behind the airline.

Watch video here

Qantas remains upbeat despite posting an underlying loss of A$1.80 billion and a statutory loss before tax of A$1.19 billion.

This is the Qantas Group’s third consecutive Statutory Loss Before Tax of more than $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.

The airline said that while the first three quarters of the year were defined by border closures and waves of uncertainty caused by COVID variants, the fourth quarter saw the highest sustained levels of travel demand since the start of the pandemic. Overall, the Group’s flying levels for the year averaged at 33 per cent of pre-pandemic levels but finished at 68 per cent.

SEE amazing Wizz Air landing on a Greek island.

SEE stunning pictures of meteors

SEE superb video of landing in foggy Brisbane

SEE: Geoffrey Thomas discusses airport chaos

About AirlineRatings.com

Airlineratings.com was developed to provide everyone in the world a one-stop shop for everything related to airlines, formed by a team of aviation editors, who have forensically researched nearly every airline in the world.

Our rating system is rated from one to seven stars on safety – with seven being the highest ranking. Within each airline, you will find the country of origin, airline code, booking URL and seat map information. The rating system takes into account a number of different factors related to audits from aviation’s governing bodies, lead associations, as well as the airlines, own safety data. Every airline has a safety rating breakdown so you can see exactly how they rate.

Over 230 of the airlines on the site that carry 99 per cent of the world’s passengers have a product rating. Given that low-cost, regional and full-service carriers are so different we have constructed a different rating system for each which can be found within each airline.