BREAKING: Qantas' profit has plunged more than 90 per cent as the airlines bottom line is delivered a knockout punch by COVID-19. 9News
READ MORE:"At least 6000 of our people will leave the business through no fault of their own, and thousands more will be stood down for a long time."
Mr Joyce said were it not for the virus Qantas was on track to deliver a profit above $1 billion this financial year. He also delivered a veiled shot at rival Virgin, whose new owners have shelved its low-cost brand Tigerair in the current climate."COVID will continue to have a huge impact on our business and we're expecting a significant underlying loss in FY21," Mr Joyce forecast.
"Looking further ahead, we're in a good position to ride out this storm and make the most of the recovery. "Our market position is set to strengthen as the only Australian airline with a full service and low fares domestic offering as well as long haul international services."A general view in T1 Qantas Domestic terminal at Tullamarine Airport on July 6, 2020 in Melbourne, Australia. The NSW-Victoria border will close at 11.59pm on Tuesday evening due to a large spike in COVID-19 cases in Victoria.
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