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Qantas in record loss but has billions in reserve

A freeze on international travel and Australian state border closures have combined to send Qantas into a A$6.90 billion revenue tailspin- the worst downturn in its six-month result in its 100-year history.

For the six months to December 31, it made a statutory loss before tax of $1.47 billion compared to an underlying first-half profit of $771 million and a net profit of $445 million for the 2020 half.

Today’s sickening result underscores the devastating impact of COVID-19 on global and Australian travel with Qantas revenue down 75 percent.

Qantas said its underlying loss before tax was $1.03 billion, although it has an read more ⇒

Source:: AirlineRatings.Com

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