
Billion dollar profit nosedive strikes Qantas
Qantas suffered a billion dollar-plus loss in profits in the first half of its trading year, dogged by both domestic and international travel restrictions due to the coronavirus pandemic.
Qantas suffered a billion dollar-plus loss in profits in the first half of its trading year, dogged by both domestic and international travel restrictions due to the coronavirus pandemic.
Qantas workers who have been stood down during the COVID-19 pandemic are taking their fight for sick leave to the nation’s highest court.
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Qantas will sack 4000 workers next month and another 2000 are in the firing line, after taking a $4 billion hit from from pandemic-imposed travel restrictions in what CEO Alan Joyce says has been the airline’s toughest six months in its 100 year history.
Qantas will cut at least 6,000 jobs across all parts of the business including pilots and cabin crew and continue to stand down 15,000 workers as part of its plan to recover from the impact of the COVID pandemic.
Qantas and Virgin will get federal government backing to operate key domestic routes between major cities and regional centres after coronavirus restrictions crippled the aviation industry.
Qantas will stand down two-thirds of its 30,000 workers after suspending international flights, while Tasmania announced tough state border controls, on a morning of dramatically increased responses to the coronavirus crisis.