SYDNEY: Australian carrier Qantas on Wednesday posted its first annual loss since privatisation in 1995 and cancelled orders for 35 Boeing jets as high fuel costs and industrial action hammered its bottom line. The airline announced a net loss of Aus$244 million (US$256 million), a half-billion-dollar reverse from a net profit of Aus$250 million in the previous 12 months. Its underlying profit before tax in the year to June 30 - the airline's preferred measure of financial performance - was Aus$95...
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