Qantas to cut 5,000 jobs

Airline swings to first-half loss, inks agreement to sell Brisbane airport lease, declines profit guidance, shares slide.

Qantas Airways Ltd has swung to a first-half net loss and unveiled a further 5,000 job losses as the embattled national carrier waits to hear if it will receive any government assistance.

Investors responded poorly to the news. At the 1015 AEDT official market open, Qantas shares were 3.94% lower at $1.22, against a benchmark index slide of 0.4%.

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