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The airline reported a 2.7 billion Australian {{dollars}} ($1.9 billion) loss for the financial yr that led to June, and a 91% drop in income from the prior yr.
The agency acknowledged it observed a earnings drop of 4 billion Australian {{dollars}} ($2.9 billion) throughout the second half of the financial yr due to the “Covid-19 crisis and associated border restrictions.”
Qantas Group CEO Alan Joyce acknowledged in an announcement that the second half of fiscal yr 2020 was the “toughest set of conditions the national carrier had faced in its 100 years” nevertheless added that the company had the “resilience to deal with them.”
“We’ve had to make some very tough decisions in the past few months to guarantee our future. At least 6,000 of our people will leave the business through no fault of their own, and thousands more will be stood down for a long time,” Joyce acknowledged. “Recovery will take time and it will be choppy.”
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