Updated: 08/28/2014 07:04 | By Agence France-Presse

Qantas posts record annual net loss of US$2.65 billion

Australian flag carrier Qantas on Thursday posted a worse-than-expected annual net loss of Aus$2.84 billion (US$2.65 billion), but chief executive Alan Joyce insisted better days were ahead.


Qantas posts record annual net loss of US$2.65 billion

A Qantas aircraft takes off from Sydney Airport on October 26, 2007 - by Greg Wood

The result compared to a Aus$5 million profit in the previous corresponding period with one-off restructuring and redundancy costs hitting the bottom line.

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