Qantas’ $2.8 billion loss explained

Qantas posts ‘confronting’ $2. 1:56pm Qantas has reported a lower than expected full-year underlying loss before tax of $646 million, but booked a statutory loss of $2. 8 billion as a result of hefty restructuring charges and writedowns to its fleet. 28 Aug In his 2009 book, The Men Who Killed Qantas, Matthew Benns outlines how a cut-throat international aviation market had shifted the culture of Qantas away from aviators to bean counters by the late 1990s. 2:16pm Qantas could seek a new investor to take a minority stake in its international business as part of its plans to pursue a split with its domestic business. 1:35pm Shares extend falls in afternoon trade, led down by the big banks and the miners after a further drop in the iron ore price, while Qantas rallies on hopes of a turnaround.

Read more here: SMH


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