Qantas Reports Second Highest Loss In Company’s History

Sydney-based Qantas announced its consolidated fiscal year results marking the depth of the crisis caused by the ongoing COVID-19 pandemic. Australia’s flag carrier posted a statutory loss of 2.7 billion Australian dollars ($1.9 billion) for the fiscal year ended June 30, which is the second-highest loss in Qantas's century-long history. In 2014, the airline had posted a loss of 2.8 billion Australian dollars as an inevitable result of capacity growing far ahead of demand and record-high fuel costs of 4.5…