Airline Qantas reports net loss

Qantas Airways has reported a 245 million Australian dollar (£162 million) annual loss in profits, hurt by rising fuel prices, a series of strikes that temporarily grounded its fleet and its struggling international division.

The Australian flagship carrier's net loss for the 12 months through June 30 compares with a profit of 250 million Australian dollars (£165 million) last year.
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