Qantas has posted a $1.08 billion half-year loss, following a dramatic $6.9 billion plunge in revenue due to continued travel restrictions.
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The airline said it still has $4.2 billion in available cash to keep going until Australia’s international border reopens and domestic travel ramps up to more normal levels.
Qantas is currently expecting international travel to resume more broadly at the end of October, when the national vaccine rollout is scheduled to be complete, having previously started selling tickets to the UK or US for travel as early as July.
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