Qantas losses send shock waves; prompt more cuts, aircraft deferrals

Credit: Rob Finlayson

Although widely expected, Qantas Group’s first-half fiscal year 2014 report of a net loss of A$235 million ($208 million), A$346 million worse than posted in the year-ago period , sent shock waves through Australia and the airline industry. Briefing media, Qantas CEO Alan Joyce acknowledged that the...

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