An airline is giving staff a bonus worth more than $7,000 after posting a bumper profit

• Australia's Qantas Airways posted an annual profit of $1.7 billion on Thursday.
• Employees are being rewarded with a share of a bonus pot worth hundreds of millions of dollars.
• CEO Alan Joyce hailed the "substantial turnaround" to better its pre-pandemic performance.

Qantas Airways is giving about 21,000 workers a share of a bonus pot worth hundreds of millions of dollars after posting its first annual profit since 2019.

The Australian airline, which also owns Jetstar, posted a pre-tax profit of about $1.6 billion – an impressive recovery after reporting an even larger loss the previous year.

The post-pandemic recovery reflected surging demand for air travel, higher fares, cheaper fuel and a reduction in other costs.