SYDNEY, AAP – Qantas has swung to a full-year underlying pre-tax loss of $1.83 billion after the coronavirus pandemic weighed on the carrier’s finances.
Revenue for the 12 months to June 30 slid 58.4 per cent to $5.93 billion as international and domestic border closures due to the virus significantly disrupted air travel.
The carrier will not pay any dividend for the year.
The airline also warned recent domestic and trans-Tasman border closures will result in a $1.4 billion hit to group earnings in the first half of 2021/222.
Qantas also said it would extend the stand downs of domestic crew and airport staff beyond the eight weeks – as previously announced – if borders remain closed.