A few of the old biased prejudices being expressed here......
The facts are simple:
- Qantas weathered the GFC and returned a marginal profit;
- Qantas financial performance in the first half was infinitely better than the majority of world airlines - British Airways for example;
- With increasing demand for air travel, one would expect Qantas second half performance should show a significant improvement.
No doubt Qantas benefited from the strong performance of the Australian economy and minimal impact of the GFC on Australia.