Sydney — Qantas Airways reported its first loss in six years and predicted it will not make money in the next financial year as travel restrictions due to the pandemic smash the airline industry.
Australia’s national carrier swung to a net loss of A$1.96bn from a profit of A$840m a year earlier. The result reflects a slump in passengers, the cost of staff layoffs, and the writedown of the airline’s entire fleet of Airbus A380s, redundant superjumbos now grounded for three years...
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