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Qantas says vaccine to be mandatory for international flyers

Australian carrier warns of 60% revenue drop as travel restrictions continue

Qantas has announced job cuts totaling 8,500 since June to deal with the financial fallout from the pandemic.   © Reuters

SYDNEY -- Australia's Qantas Airways warned Thursday that revenue for the current fiscal year will plunge by roughly 60% owing to the coronavirus pandemic and said travel restrictions will persist for months.

The top line figure for the year through June 2021 is expected to drop by 11 billion Australian dollars ($8.12 billion). Australia's top airline forecasts another annual net loss after losing AU$1.96 billion a year earlier.

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