Spirit of Australia in crisis as Qantas posts $2.8 billion loss
Qantas confirms massive annual loss, totalling AUD$2.8 billion, as it scrambles to secure its future.
Qantas confirms massive annual loss, totalling AUD$2.8 billion, as it scrambles to secure its future.
For the first time in 40 years Qantas will be retrenching pilots, part of an expected 5000 jobs redundancy plan.
A bill to lift foreign ownership limits on Qantas has passed the House of Representatives.
Qantas boss Alan Joyce says he is optimistic despite $252 million loss and 5000 jobs cuts announcement.
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