Chief executive Alan Joyce said that trading conditions were the worst in the airline’s 100-year history and that a national framework on when states could open borders was needed to boost domestic flying.
SYDNEY: Australia’s Qantas Airways Ltd said state border closures were severely hampering a recovery in the domestic aviation market, which, alongside its lack of international flying, would lead to a significant loss this financial year.
The airline yesterday posted a full-year net loss of A$1.964bil (US$1.41bil) for the 12 months that ended June 30, one of its largest ever, driven by impairment charges and restructuring costs meant to help it weather the coronavirus pandemic.
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