In what has been a horror 18 months for the global aviation industry, Qantas has revealed a staggering $2.3 billion loss before tax amid the ongoing COVID-19 global pandemic which has decimated the tourism industry. At the underlying level, the airline’s loss was $1.8 billion — a figure exceeding expert predictions.
https://www.news.com.au/travel/travel-updates/health-safety/qantas-results-2021-financial-report-reveals-183-billion-loss-during-covid19-lockdowns/news-story/967322ec7781d24e3c334f70f5bb9889
https://www.smh.com.au/business/companies/qantas-reports-1-7b-loss-as-pandemic-woes-deepen-20210825-p58lz5.html
Surely that rainy day cash account must be getting drained fairly rapidly given another Titanic loss.
Would another unexpected & heavily compromised year be a bridge too far? Or is there a level of certainty inside Coward St that the Government is always there if it gets to that.