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.
mikejanda Qantas More future losses for Sydney's 2nd airport under construction as COVID19 and various strains evolve, creating a permanent uncertainty A full peakoil type look-alike in the airline industry which should not have been allowed to grow
Due to international travel restrictions not as much the rest obviously. CEO PAY increase? Qantas happy to avoid tax.
how much have they spent in stock buybacks over the years?
As I imagine have most airlines during this pandemic, a lot of businesses related 2 travel R doing it tough. Y does this particular business get a full presser on national TV? R we meant 2 feel sorry 4 them? I don't, they made millions off the public B4 covid & will again after.
Ouch
Joice still gave himself a $26 million bonus last year during pandemic at the expense of the 16,000 baggage handlers he sacked ! What a contempable CEO and as Low as a bottom dweller can get ! This CEO culture is as Toxic as the LNP !
Let me guess. Qantas wants a corporate handout?
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