Qantas flags $300m first-half loss

Shares plunge as airline blames fundamentally changed market conditions, flags 1000 job cuts, warns of CEO and board pay cut.

Qantas Airways (QAN) has flagged an underlying loss before tax of $250 million to $300 million in the six months ending December 31.

At 1040 AEDT investors pushed Qantas shares 14.11% lower to $1.035, against a benchmark index fall of 0.38%.

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