Australia: Qantas reports $ 1,25 billion in loss

Australia: Qantas reports $ 1,25 billion in loss

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Oneworld member Qantas "flew" a loss of 30 billion US dollars in the fiscal year ended June 2021, 1,25. Flight operations have been largely paralyzed since the beginning of the corona pandemic.

Qantas' total loss of revenue from COVID-19 over the 12 month period reached $ 11,65 billion. However, by the end of 2022, the carrier expects the drop in sales since the start of COVID-19 to rise to around $ 14,5 billion.

The Qantas Group ended the fiscal year with $ 2,76 billion in available liquidity. This included $ 1,6 billion in cash and $ 1,16 billion in undrawn facilities. An increase in domestic flights in the first six months of 2021 resulted in Qantas reducing its debt from $ 4,66 billion to $ 4,29 billion.

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Editor of this article:

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
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Nobody likes paywalls
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Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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