Australia’s Qantas posts slightly wider full-year loss
2022.08.25 01:30
FILE PHOTO: A ground worker walking near a Qantas plane is seen from the international terminal at Sydney Airport in Sydney, Australia, November 29, 2021. REUTERS/Loren Elliott/
SYDNEY (Reuters) – Qantas Airways Ltd posted on Thursday a slightly wider full-year underlying loss before tax of A$1.86 billion ($1.28 billion) though its financial performance improved substantially in the second half as travel demand returned.
The result in the 12 months ended June 30 compared to an A$1.83 billion underlying loss before tax a year earlier and an A$1.28 billion loss in the first half of the financial year.
Analysts had on average expected Qantas to report a full-year loss before tax of A$1.8 billion, according to 13 polled by Refinitiv.
($1 = 1.4476 Australian dollars)
