While a number of airlines and travel companies have recently announced that they are starting to see a reversal in their fortunes as revenues start to rise once more after a lean few months, the same cannot be said for all companies.
This week Qantas released its annual report in which the airline revealed that it was uncertain whether or not it would ever be able to recover from the massive slump in air travel. The chairman of Qantas admitted in the report that the global economic outlook remains uncertain and the company is still waiting to see any substantial improvement in the underlying business conditions. However, Qantas still remain optimistic that the sun will soon shine on their business, and that the seeds they have so busily been sowing in establishing new flight programmes, deals and offers may soon start to sprout.
However, the report also indicated that although times are still tough for Qantas at thje moment they have what it takes to weather the storm and will be ready and waiting when things take a turn for the better.
Still, the airline has a lot of ground to make up as they posted back in August that they had suffered an 88% fall in their full-year net profit, taking them down to $117 million
