Qantas chief executive Alan Joyce has brushed off calls to step down, despite the airline posting a bigger-than-expected $2.8 billion after-tax loss today, the worst result in the national carrier's history.
The airline shocked industry observers with the loss, which was about three times as bad as expected, and a vicious negative turn from last financial year's wafer-thin $1 million profit.
Unions say it is time for a new management team, but Mr Joyce is forecasting clearer skies ahead for the struggling carrier.
"I'm committed to this brand," he said. "We're in the middle of this transformation program and we're committed to delivering on it and turning this business around."
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