FILE PHOTO: Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott
February 23, 2022
SYDNEY (Reuters) – Qantas Airways Ltd on Thursday posted a steeper A$1.28 billion ($925.57 million) first-half underlying loss before tax during a period hard-hit by domestic and international border closures but said the outlook was improving as restrictions eased.
The underlying loss before tax in the six months ended Dec. 31, the airline’s most closely watched financial measure, was bigger than a A$1.03 billion loss a year earlier.
The airline also reported a loss before interest, tax, depreciation and amortisation of A$245 million, slightly better than its December forecast of a A$250 million to A$300 million loss.
($1 = 1.3829 Australian dollars)
(Reporting by Jamie Freed; Editing by Sandra Maler)
