Qantas delivers record $2.47bn profit on back of soaring demand and high ticket prices

CEO Alan Joyce hails ‘remarkable turnaround’ for airline whose results were a stark change from a year earlier, when it fell to a $1.86bn loss

• Follow our Australia news live blog for latest updates
• Get our morning and afternoon news emails, free app or daily news podcast

Qantas Airways has soared out of the disrupted pandemic era to post a record $2.47bn full-year underlying profit, backed by strong travel demand and high ticket prices.

The 2022-23 results mark a stark change from a year earlier, when it fell to a $1.86bn loss.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup