QAN qantas airways limited

News: QAN Qantas posts deeper H1 loss but says outlook improving

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    SYDNEY, Feb 24 (Reuters) - Qantas Airways Ltd (QAN) on Thursday posted a steeper A$1.28 billion ($925.57 million) first-half underlying loss before tax during a period hard-hit by domestic and international border closures but said the outlook was improving as restrictions eased.

    The underlying loss before tax in the six months ended Dec. 31, the airline's most closely watched financial measure, was bigger than a A$1.03 billion loss a year earlier.

    The airline also reported a loss before interest, tax, depreciation and amortisation of A$245 million, slightly better than its December forecast of a A$250 million to A$300 million loss. ($1 = 1.3829 Australian dollars)

 
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