Even Covid Can’t Stop Qantas Flying Too Close to the Sun

In an industry facing its biggest crisis since the dawn of jet aviation, Qantas Airways Ltd. has been having rather a good pandemic. It’s the return to normalcy it needs to worry about. Shares rose 3.5% Thursday, the biggest increase in a year, in spite of the announcement of a A$1.83 billion ($1.33 billion) annual loss.

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