The Omicron wave has sent Qantas’s half-year result to December 31 into a red-ink spiral posting a statutory loss of A$622 million (US$499 million) but the airline sees tailwinds repairing its balance sheet.
The result was helped significantly by the sale of land at Mascot which brought the airline in a net A$754 million.
Qantas posted an underlying EBITDA loss of A$245 million and an underlying EBIT loss of A$1.13 billion however the airline has total liquidity of A$4.30 billion.
The Qantas Group said its flying operations were severely impacted by widespread domestic lockdowns and continued international restrictions, reducing the Group’s total flying read more ⇒
Source:: AirlineRatings.Com