Unions have sharply criticised Qantas as the airline announced it had doubled its profits a week after it said it needed to lay off 1000 workers.
Qantas chief executive Alan Joyce reported a $249 million after-tax profit for 2010-11 — about twice what it earned the previous year. Its before tax profit amounted to more than $550 million, which is a rise of about 50% over the 2009-10 financial year.
On August 16, Qantas announced plans to restructure its business, which would include setting up two new Asian-based airlines and cutting up to 1000 Australian-based jobs.