Live: Qantas announces $2.84 billion loss

Earlier this year Qantas announced it was cutting 5,000 jobs over the next three years to try to rein in costs.

Qantas has announced a loss of $2. 84 billion for the 2013/14 financial year.

Qantas chief executive Alan Joyce said the loss was “confronting” but that the airline had “come through the worst”.

“With our accelerated Qantas Transformation program we are already emerging as a leaner, more focused and more sustainable Qantas Group,” he said.

Live blog: Qantas announces $2.

Live blog: Qantas announces $2.

Read more here: ABC


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