Another disastrous huge loss, and yet this outfit hasn't yet...

Another disastrous huge loss, and yet this outfit hasn't yet paid for all the new Airbus aircraft it has ordered to replace its ageing domestic 'mainline' fleet (the B737-800 workhorses for starters of which QAN has 75 'own livery').

It's boasting how by 30 June 2022 domestic flying had returned to '103 per cent' of pre-COVID-19 levels, but is now reducing that to 95 per cent.

International flights are only forecast to recover soon to '68 per cent' but in FY 22 were at 49 per cent, so large losses there.

There's always optimism from the CEO but his forecasts consistently prove incorrect. Japan for instance was expected to see resumption of QAN 'own livery' passenger flights around September 2022 but the domestic politics up there of COVID-19 cases and deaths mean apart from some business and official visitors, leisure travel is incredibly impractical due to the requirement to travel in one group at all times under government supervision.

And while mainland communist China on its own wasn't a large source of international flight bookings for QAN or its Jetstar subsidiary, when these tourists came here each one typically took two or three domestic flights, so their continuing absence is another blow to QAN.

With interest rates rising and wages and salaries for many failing to keep pace with inflation, is the positive outlook of QAN re domestic leisure travel justified?