QANTAS FORECASTS $1.1 BILLION LOSS IN ‘WORST’ HALF YEAR
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SYDNEY (AP) — Australian national carrier Qantas is forecasting a loss of more than 1.1 billion Australian dollars (US$790 million) in July-December in what its chief executive, Alan Joyce, called one of the worst periods of the entire pandemic.
In a notice to the Australian Stock Exchange on Thursday, Qantas said the emergence of the Omicron variant of COVID-19 is affecting international bookings after Australia finally began to ease entry restrictions.
The airline had seen a “significant drop in booking momentum due to the news of the Omicron variant and the additional quarantine restrictions imposed,” Joyce told the exchange.
“The news of the Omicron variant had a clear impact on people’s confidence to book international trips in particular. But we haven’t seen large numbers of cancellations,” he said.