Qantas has made a massive multi-billion-dollar loss amid the ongoing travel ban and grounding of international flights. The national carrier says its underlying loss before tax for the last financial year was $1.83 billion and the statutory loss was $2.35 billion.
The airline estimated the revenue impact from the COVID-19 pandemic was $12 billion last financial year.
But in a statement, Qantas says it has started the new financial year "in a fundamentally better position to deal with uncertainty and manage its recovery compared with 12 months ago".
It says it has total liquidity of $3.8 billion, adding it has a new plan to start flying internationally from the end of this year.