Qantas provides market update

In a market update, Qantas Group has disclosed that the company expects to post a statutory loss (before tax) of more than $2 billion in FY21, which on top of a $2.7 billion loss last year, means that the pandemic has so far cost the airline at least $16 billion in lost revenue by the end of this financial year. “We have a long way still to go in this recovery, but it does feel like we’re slowly starting to turn the corner,” said Qantas Group CEO Alan Joyce. “It’s great to see so many of our people now back