BUSINESS Australia's Qantas posts $1.9 bn annual loss

BUSINESS

Australia's Qantas posts $1.9 bn annual loss

AFP

07:26, August 20, 2020

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Photo: Xinhua

Australian flag-carrier Qantas said revenues collapsed 91 percent in the past 12 months due to the coronavirus pandemic, as the company posted a US$1.9-billion loss on Thursday.

The airline reported a "strong first half of the year" followed by "a near total collapse in travel demand".

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