Qantas Airways, Australia’s largest carrier, closed at its lowest level since a 1995 privatisation as analysts forecast a record loss amid a market share fight with Virgin Australia.
The stock fell 3 per cent to 96.5 Australian cents in Sydney, half a cent below its previous record low last June. Net losses in the year ending June will hit A$428 million, according to the average of six analyst estimates compiled by Bloomberg, the second...
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