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Qantas expects $1.5 bln-plus annual loss but positive H2 cashflow

SYDNEY, May 20 (Reuters) - Qantas Airways Ltd said on Thursday it expected to report a loss before tax of more than A$2 billion ($1.54 billion) in the financial year ending June 30 but it would post positive second-half cashflow due to a domestic travel rebound.

Annual underlying earnings before interest, tax, depreciation and amortisation are forecast at A$400 million to A$450 million, the airline said in a market update.

Qantas said it had A$4 billion of liquidity, including cash of A$2.4 billion and A$1.6 billion of undrawn debt facilities as of April 30 as it weathers the coronavirus crisis, which led to the grounding of its international fleet.

$1 = 1.2953 Australian dollars Reporting by Jamie Freed; Editing by David Gregorio

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