Qantas CEO expects 50% of international operations to return by fiscal 2022

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Qantas CEO expects 50% of international operations to return by fiscal 2022
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Qantas reported a full-year statutory net loss of 1.964 billion Australian dollars ($1.41 billion) for the 12 months that ended on June 30.

expects about half of its international operations to get back on track by the middle of 2022, CEO Alan Joyce said on Thursday.

"International, we think, will take a bit of time to recover. In financial year 2022, we are only expecting to get 50% of our international operation back and we're thinking it will take three years before we can get our A380s back in the air," Joyce said on CNBC's "Air travel demand has suffered a near-total collapse this year due to the coronavirus pandemic.

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