Qantas says its freight business is helping to offset the heavy losses of its international flying operations. File photo / James MorganQantas has revealed the latest damage bill stemming from the coronavirus pandemic, announcing an eye-watering net loss of A$1.03 billion (NZ$1.1b). Virtually all of our international flying and 70 per cent of domestic flying stopped, and with it went three-quarters of our revenue." Qantas noted its freight business is offsetting the heavy losses of the international flying business and its domestic operating had returned to an underlying positive cash flow position. "The Covid vaccine rollout in Australia will take time, but the fact it's under way gives us more certainty," Joyce said.

Source: New Zealand Herald February 24, 2021 23:40 UTC