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Strong domestic demand sees Qantas “turning the corner”

Qantas says it is “turning the corner” as a sustained domestic recovery pushes it  towards 95 percent of pre-COVID domestic capacity and business traffic continues to grow.

The airline is still predicting a $A2 billion plus statutory loss in fiscal 2021 but says the domestic recovery, combined with the performance of its loyalty and freight divisions, means balance sheet repair is underway and its expects underlying earnings of $A400 to $A450 million for the financial year.

It is also expects to be free cash flow positive in 2H21 and says it has a strong total liquidity position of $A4 billion. Net debt read more ⇒

Source:: AirlineRatings.Com

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