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Runway to junk looms large for cash flow negative Qantas

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Qantas has flagged deteriorating trading conditions and a potential A$300 million half-year loss in a statement to the market that has sent its share price tumbling.

The airline has stepped up its cost cutting plans, with 1,000 job cuts flagged for the next 12 months, a review of capital expenditure underway, and the board and CEO to take a pay cut...

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