Opposition Leader Bill Shorten is confident Qantas has a future and hopes the worst is behind the flying kangaroo.
The airline has reported a massive $2.8 billion annual loss in the wake of a profit-draining battle with rival Virgin and another poor performance from its international division.
Mr Shorten says Aussies won't desert the national airline.
"I'll keep flying Qantas, Australians will keep flying Qantas," he told reporters in Canberra on Thursday.
Mr Shorten noted that the company was not planning any further job losses over the thousands previously announced, which he described as a silver lining on a difficult day.
"Hopefully the worst is behind them."
The Greens say the Abbott government must share some of blame after refusing Qantas pleas for a debt guarantee.
"Tony Abbott has turned his back on an airline that clearly needs assistance," deputy leader Adam Bandt said.
If that support had been given thousands of Qantas staff would not unnecessarily be "facing the axe".
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