Qantas suffers biggest annual loss of 2.8 billion dollars
Australia's national flag carrier Qantas has reportedly suffered its biggest annual loss of 2.8 billion Australian dollars till June this year.
According to the BBC, analysts said that they had predicted a loss of around 750 million Australian dollars.
Qantas authorities said that several reasons including poor consumer spending, weak domestic demand and rising fuel costs contributed to the shocking loss.
This has been the worst result for the company till date in its entire history.
The firm's loss before the taxes, however, had been 646 million Australian dollars.
(Posted on 28-08-2014)