$11m profit by Qantas
The Australian international airline, Qantas, made a net profit of SAustll.lm in the 1973-74 financial year, according to the annual reort, tabled in the Australian Parliament in Canberra. The airline set new traffic and revenue records. It carried 1.2 m passengers—an increase of 32.4 per cent on the previous year, and earned $310.8m-—a 25.3 per cent increase. The revenue-seat factor rose to 61.9 per cent, which is the highest since Qantas began using jets in 1959. The chairman (Sir Donald Anderson) gave a warning against potential cost increases of s7Bm for fuel and wages alone in 1974-75, and said there was little likelihood of matching the 1973-74 results. In a separate message to staff Sir Donald predicted that 1974-75 would see an operating loss for the airline of between ssm and s6m. He added that after allowing for dividends, interest, and exchange gains, Qantas was expected to remain profitable over all, or to break even.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19741118.2.31.4
Bibliographic details
Press, Volume CXIV, Issue 33694, 18 November 1974, Page 4
Word Count
159$11m profit by Qantas Press, Volume CXIV, Issue 33694, 18 November 1974, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.