Qantas yet to see signs of improvement

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Qantas yet to see signs of improvement | The Australian

NATIONAL carrier Qantas Airways says it is yet to see substantial improvements in business conditions.

Chairman Leigh Clifford said in the company's annual report today that there was significant uncertainty surrounding an economic recovery.



"The global economic outlook remains uncertain and we are yet to see substantial improvements in underlying business conditions," he said.



"Many factors are in play that could affect the timing of the recovery.


"Uncertainty is also being created through significant capacity increases, domestically and internationally, by Qantas Group competitors, some of whom enjoy very favourable taxation and other arrangements.