Qantas posts $1.9bn loss but revenue jumps 54% as air travel surges after borders reopen

Airline's loss halves on back of revival in travel as company announces share buyback of up to $400m

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Qantas has posted a full-year underlying pre-tax loss of $1.86bn after border closures and travel uncertainty as the Covid-19 pandemic weighed on earnings.

The airline's net loss after tax for the year to 30 June narrowed to $860m, compared with $1.7bn the year before.

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