Qantas Half-Year Loss Widens to $925m – The Age

Australia’s Qantas has reported a A$1.28 billion ($925 million) underlying loss for the six months to December 31 after extended Covid-19 lockdowns and border closures devastated travel demand, The Age reported.

The result compares with a $1 billion underlying before-tax loss in the same half a year earlier, as flights fell to just 18% of pre-pandemic levels and costs increased while the airline prepared to exit its pandemic hibernation.

Read the full report: The Age

READ MORE:

Qantas to Scrap Contract Terms With Long-Haul Flight Staff

Qantas Chooses Airbus in Blow to Boeing

Singapore Airlines to Buy A350 Freighters as Cargo Booms

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

You Might also Like

Chip Arm Losses Tank Samsung’s Second-Quarter Profits by 96%

Facebook Owner Meta Reports First Quarterly Revenue Fall

Samsung Posts Highest Quarterly Profit in Four Years

Ping An Bank's Net Profit Surges - Xinhua