Home » profiteering

Tag: profiteering

Post
Qantas records $1.7 billion profit after years of COVID-induced turbulence

Qantas records $1.7 billion profit after years of COVID-induced turbulence

Qantas has recorded an annual profit of $1.7 billion in the last financial year, a dramatic turnaround from a loss of $860 million a year earlier.  Its preferred underlying pre-tax profit measure figure is $2.5 billion pre-tax, and comes after Qantas posted a $1.4 billion profit in its half-yearly results in February. Its underlying pre-tax...

Post
The mining sector made more than half of Australia’s corporate profits, so why do economists want to ignore it?

The mining sector made more than half of Australia’s corporate profits, so why do economists want to ignore it?

The claims by business leaders that record-high profits have not contributed to recent inflation are wrong, according to a new paper from the Australia Institute.  Key points: Dr Jim Stanford says analyses of Australia’s economy cannot exclude the resources sector Australia Institute analysis shows the mining sector’s windfall profits over the past two years have been...