Qantas Airline Reveals $100M Hit to Q1 Earnings

Qantas chief executive officer Alan Joyce speaks during a press conference in Sydney, Australia, on Feb. 23, 2017. William West/AFP via Getty Images

Qantas has suffered a $100 million hit to its first quarter earnings after several states closed their borders in July in response to Victoria’s COVID-19 outbreak.

Chief executive Alan Joyce on Oct 23 said the states’ decisions had delayed Qantas’ recovery.