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Qantas crashes to $1.1b loss as vaccine offers ‘certainty’

Lucas Baird
Lucas BairdReporter

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Key Points

  • Revenue ($m) 2330, down 75pc from the year-earlier 9464
  • Pretax profit ($m) -1321 v 777 
  • Net profit ($m) -1081 v 445
  • No interim dividend 

Qantas has swung to a statutory $1.1 billion interim loss as the COVID-19 pandemic further ravages travel demand and activity.

The airline reported a $445 million profit in the previous corresponding period. Revenue dived 75 per cent to $2.3 billion in the six months ended December 31.

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/companies/transport/qantas-reports-1-1b-loss-20210225-p575md