New Delhi, 20 May 2021

As per news report of BBC, the Australian carrier also said it would report an annual loss before tax of more than $1.5bn (A$2bn, £1.1bn).But it added that its debt pile had peaked and was likely to fall as domestic travel was on track to hit pre-pandemic levels.Qantas said its international division was losing about $2.3m a week, down from $3.9m last month.Its latest cost-cutting plans include a two-year wage freeze, slashing travel agents' commissions for international flights and offering voluntary redundancies to cabin crew in its international business.Separately on Wednesday, the parent company of rival Singapore Airlines revealed a record annual loss of S$4.27bn ($3.2bn) - worse than the average S$3.27bn forecast predicted by eight analysts, said a Reuters report.

Source -BBC

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