Qantas Airways Limited (ASX:QAN) has swung to a $244 million loss in the 2012 financial year, its first loss since being privatised.
The carrier says its result was weighed down by record fuel costs and the grounding of the Qantas fleet last year and pointed to deterioration in global aviation operating conditions.
CEO Alan Joyce has forecast continued challenges in the next year however expects the airline to retain its 65 per cent domestic market share and increase its domestic capacity by around 10 per cent.
Qantas has not declared a final dividend for its shareholders and declined to provide profit guidance.
