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Thunder Down Under: Qantas and Virgin Australia are mired in losses while Air New Zealand prospers

Issue Overview

Thunder Down Under: Qantas and Virgin Australia are mired in losses while Air New Zealand prospers

Qantas

Thunder Down Under: Qantas and Virgin Australia are mired in losses while Air New Zealand prospers

September 1st, 2014

2 min read

Issue Summary

It was supposed to be the low point before a turnaround. On Aug. 23, 2012, Qantas announced a heavy net loss for its fiscal year that ended in June, no surprise given labor unrest that led to a temporary grounding of the airline. Qantas also blamed the strong Australian dollar, which it said was making […]

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