Qantas axes all international flights until October as earnings plummet

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The Australian carrier says border closures caused it to lose three-quarters of its revenue last year. FMTNews Qantas

Joyce noted that the company had already seen revenue fall A$4 billion during the first half of 2020, bringing the total impact of the pandemic to A$11 billion.

Joyce pushed back the expected resumption of international passenger flights from July to the end of October, but said the cost of keeping those planes on the ground was largely being offset by increased freight operations. Qantas had posted a US$1.9 billion loss for the year ending June 30 as the coronavirus pandemic gripped the global economy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines