Qantas Announces Second-Highest Profit on Record

Qantas reported a financial performance that exceeded expectations, with a dividend of seven cents for shareholders, marking a continuation of last year's dividends. The company has shown significant growth, outperforming the BSX and becoming the top performer on the Bloomberg World Airlines Index. CEO Alan Joyce highlighted the success of Qantas' transformation program and the company's commitment to returning cash to shareholders. Staff who remained after restructuring are rewarded with bonuses. Qantas is also working with Boeing and Airbus to develop technology for ultra long haul flights, aiming to reduce travel times significantly by 2022.

What challenges does Qantas face in reducing flight times for long haul routes?

What are the expected flight times for the new ultra long haul routes to London and New York?