New Qantas chair John Mullen must revamp airline's tired strategy
Amid falling profits, pilot strikes and an eroded public reputation, Qantas' new chair John Mullen has a big job on his hands.
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Amid falling profits, pilot strikes and an eroded public reputation, Qantas' new chair John Mullen has a big job on his hands.
Woolworths and Qantas have both hired their first female CEOs in a time of turmoil for each company. Is this a glass cliff situation?
Qantas reported a slide in half-year net profits Thursday but said its reputation had "bounced back" under a new leader after taking a battering since the Covid-19 pandemic.Qantas said its net profit dropped 13.2 percent year-on-year to Aus$869 million (US$570 million) in the six months to December 31.
Qantas fares have fallen about 10 per cent in real terms since peaking in December 2022. Read more at straitstimes.com.
The decline in underlying earnings in the December half will, frankly, be welcome by many in the community as proof the airline is coming back to earth.