SYDNEY: Qantas Airways Ltd warned on Thursday it expects to post an underlying pre-tax loss between A$250 million ($225 million) and A$300 million for the first half of the current year, following a "marked deterioration" in market conditions.
Shares in Australia's national flag carrier sank as much as 15 percent after it said the outlook for the second half of the year "remains volatile" and flagged 1,000 job cuts as part of an accelerated cost reduction program.
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