General
Qantas posts $1 billion six-month loss
Qantas has posted a $1.08 billion half-year loss, following a dramatic $6.9 billion plunge in revenue due to continued travel restrictions.
The net loss before tax was $1.47 billion, but the airline will be able to offset part of that against future tax bills.
The airline said it still has $4.2 billion in available cash to keep going until Australia’s international border reopens and domestic travel ramps up to more normal levels.
More to come.
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