Qantas CEO blames ‘little government support’ and Covid for lagging some of its peers

Qantas CEO Alan Joyce told CNBC the airline was not able to return to profit as quickly as other carriers like those in Singapore because it did not receive as much government support and faced a “massive wave of Covid … nobody was planning for.”

Australia’s national carrier has posted its third consecutive year of statutory losses before tax of $1.19 billion Australian dollars ($830.67 million), attributing the performance to the delta and omicron outbreaks in Australia and upfront costs from restarting the airline after lockdowns ended.

Su-Lin Tan www.cnbc.com