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QANTAS GROUP STANDS DOWN 2,500 CREW IN RESPONSE TO ONGOING DOMESTIC BORDER CLOSURES
Read moreAround 2,500 frontline Qantas and Jetstar employees will be stood down for an estimated two months in response to ongoing COVID outbreaks. The stand down is a temporary measure to deal with a significant drop in flying caused by COVID restrictions in Greater Sydney in particular and the knock-on border closures in all other states […]
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QANTAS GROUP MARKET UPDATE – BALANCE SHEET REPAIR UNDERWAY
Read moreSustained domestic recovery driving strong cash generation. Statutory free cash flow positive for 2H21; Jetstar Underlying EBIT positive in April. Underlying EBITDA of $400-450 million expected in FY21. Strong total liquidity position of $4.0 billion[1]. Net debt has peaked and starting to decline. Forecast statutory loss before tax of more than $2 billion in FY21. […]
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QANTAS REVIEWS SPORTING PARTNERSHIPS AS PART OF COVID RESPONSE
Read moreQantas has reviewed its five key sporting sponsorships as it continues to manage the fallout from COVID on the aviation industry. The review examined how the national carrier could continue its association with existing partners using in-kind support (for example, commercial flights as well as access to Qantas-owned channels for marketing), given its need to […]
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QANTAS TO GIVE FINAL 747 JUMBO JET A FAREWELL FIT FOR A QUEEN
Read moreQantas has announced a program of events to farewell its last remaining Boeing 747 and provide Australians the opportunity to say goodbye to the much loved “Queen of the Skies” ahead of its retirement from the national carrier’s fleet. The airline will operate three one-hour “farewell jumbo joy flights” departing from Sydney, Canberra and Brisbane, […]
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QANTAS GROUP ANNOUNCES POST-COVID RECOVERY PLAN AND EQUITY RAISING FOR A STRONGER FUTURE
Read moreThree year strategy to guide recovery and return to growth in changed market. Costs reduced by $15 billion during three year period of lower activity; $1 billion in ongoing cost savings per annum from FY23. Around 100 aircraft to be grounded for up to 12 months; some for longer. Job losses and extended stand downs […]