Qantas Chief Executive Officer Alan Joyce walks through the airline's headquarters following a results announcement in Sydney, Thursday, Aug. 20, 2020.
Qantas Airways announced that the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won't resume before mid 2021.
(Dean Lewins/AAP Image via AP)CANBERRA Qantas Airways said Thursday the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won't resume before mid-2021.
The airline recorded a AU$771 million ($554 million) pre-tax profit in the first half of the fiscal year before the pandemic struck.
Joyce said Qantas was in a better financial position than many airlines to survive the pandemic.