Although widely expected, Qantas Group’s first-half fiscal year 2014 report of a net loss of AUD235 million ($208 million), AUD346 million worse than posted in the year-ago period, sent shock waves through Australia and the airline industry. Briefing media in February, Qantas CEO Alan Joyce acknowledged that the results were “unacceptable,” saying, “We are facing some of the toughest conditions Qantas has ever seen.” He went on to add that the ...

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