Covid: Qantas says pandemic 'existential crisis' is over

The national carriers of Australia and New Zealand say that the worst of the coronavirus crisis is now behind them, even as they posted annual losses for a third year in a row. Qantas says it is seeing demand increase 'with the existential crisis posed by the pandemic now over'. Air New Zealand says it has also experienced 'a very strong recovery in bookings and revenues' since March.