Australia’s Qantas forecasts return to first-half profit as conditions improve

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The airline added it would improve its wages offer to staff at a cost of A$40 million a year.

Qantas has faced industrial action from some unions over its previous policy of a two-year wage freeze followed by two years of 2% rises amid high inflation in Australia. It will now offer rises of 3% following the two-year wage freeze.

($1 = 1.5934 Australian dollars)