Live: Qantas issues first-ever apology to workers it illegally sacked during pandemic, ASX in the red led by tech stocks

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The local share market is trading lower today, following Wall Street's losses. Qantas loses its High Court appeal over the sacking of 1,700 workers during the pandemic. Follow updates in our live blog.

Qantas has just released a statement in response to this morning's High Court ruling. Here it is in full:

"Qantas acknowledges and accepts the High Court's decision to uphold two prior rulings by the Federal Court regarding the legality of outsourcing the remainder of the airline's ground handling function in 2020. "The Federal Court originally found that while there were valid and lawful commercial reasons for the outsourcing, it could not rule out that Qantas also had an unlawful reason – namely, avoiding future industrial action. The High Court has now effectively upheld this interpretation.

"The decision to outsource the remainder of the airline's ground handling function was made in August 2020, when borders were closed, lockdowns were in place and no COVID vaccine existed. The likelihood of a years' long crisis led Qantas to restructure its business to improve its ability to survive and ultimately recover.we deeply regret the personal impact the outsourcing decision had on all those affected and we sincerely apologise for that.

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