SYDNEY (Reuters) – Qantas Airways Ltd on Thursday reported a slightly narrower annual net loss of A$1.73 billion ($1.26 billion) as its international fleet remained grounded because of Australia’s closed borders.
The statutory loss for the 12 months ended June 30, including impairments and restructuring charges, was better than last year’s A$1.96 billion loss, which had been its second-worst ever.
Underlying earnings before interest, tax, depreciation and amortisation of A$410 million for the full year compared with its forecast range of A$400 million to A$450 million and was in line with the average A$410 million figure expected by 11 analysts polled by Refinitiv.
($1 = 1.3744 Australian dollars)
(Reporting by Jamie Freed; Editing by Chris Reese)
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