Qantas reports an annual loss of almost AUD $2 billion
Qantas reports an annual loss of almost AUD $2 billion
The global airline industry has been hit hard as travel restrictions have been imposed around the world. [Image: www.afr.com]
Qantas has reported an annual loss of almost AUD $2 billion as it deals with the impact of the coronavirus pandemic. The Australian airline says much of the loss was due to writing down the value of assets and redundancy payments.
The firm also says around 4,000 of its 6,000 planned job cuts are expected to be finalised by the end of next month.
The global airline industry has been hit hard as travel restrictions have been imposed around the world.
[Source; BBC]
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