Qantas CEO Alan Joyce resists union calls to resign after airline chaos, $860m loss and no dividend

Qantas roughly halved its loss last financial year and is expected to get back to pre-COVID levels of profitability this year, despite the flights cancellations, delays and baggage issues that have plagued the airline. Key points: Qantas posts an $860 million net loss for financial year 2022 The airline says it is on track to achieve cost savings of $1 billion this year Qantas CEO Alan Joyce says the airline's baggage handling, cancellation and on-time running performance should be back to pre-COVID standards next month Qantas posted a full-year net loss of $860 million, down from a $1.69 billion loss the year before, as revenue jumped 54 per cent from 2021, when state and international border closures affected air travel more severely. Mr Joyce said the airline's staff had "done an amazing job" to cope with surging demand at the same time as sick leave and labour shortages increased sharply. Joyce resists resignation calls Alan Joyce has pushed back against union calls for him to resign following consumer anger over months of flight cancellations, delays and lost luggage, and staff discontent over outsourcing of jobs. Loading YouTube content 'Smashed working conditions' TWU national secretary Michael Kaine called for the resignation of Alan Joyce, saying he was responsible for the company's "outsourcing, poor performance and reputational damage to the brand".