Fuel costs hit Qantas as airline posts losses

  • 12 years ago
Australia's flagship carrier,Qantas Airways, has announced its first ever annual loss since privatisation in 1995.
The company has posted losses close to 200 million euros and cancelled 35 new Boeing 787 Dreamliners worth 6.5 billion euros as a result.

Qantas has been the victim of high fuel prices and industrial unrest.

Alan Joyce, Qantas Chief Executive, said:

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