SYDNEY, Oct 23 (Reuters) - Qantas Airways Ltd QAN.AX mentioned on Friday that Australian state bord
SYDNEY, Oct 23 (Reuters) – Qantas Airways Ltd QAN.AX mentioned on Friday that Australian state border closures because of the coronavirus pandemic had price it A$100 million ($71.26 million) in earnings within the first quarter and would have a unfavourable affect within the second quarter as properly.
The airline is operating lower than 30% of its regular home capability because of border closures, having earlier anticipated to be working round 60% presently, Qantas Chief Govt Alan Joyce mentioned in a speech to the airline’s annual assembly.
The airline’s monetary 12 months ends June 30, 2021.
($1 = 1.4033 Australian {dollars})
(Reporting by Jamie Freed; Modifying by Jacqueline Wong)
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