Chief executive Alan Joyce said the results were “stark but not surprising” and blamed border closures and lockdowns.
Australian Aviation has discovered footage of the moment the Singapore A380 escaped the Alice Springs boneyard for freedom on Monday morning.
National secretary Michael Kaine has told the Australian Aviation Podcast the strategy mustn’t mean “hedging your bets”.
The results compare to a $403 million profit the year prior and have been blamed on COVID causing passenger traffic to fall 75 per cent.
David Gonski has previously held the same position at Australia and New Zealand Banking Group, Coca-Cola and the ASX.
Australian Aviation talks with CEO Sam Iliades to discuss the business’ purchase of Jet City and Jet City Engineering.
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