Qantas has unveiled a three-year plan designed to accelerate a recovery from the Covid-19 outbreak. Under the proposals, as many as 6,000 jobs will be lost, while the Australian flag-carrier will seek to raise to $1.9 billion in fresh liquidity.
With the exception of those to New Zealand, Qantas has cancelled all international flights until late October. The news comes as the Australian government said its border would remain closed into next year to slow the spread of the coronavirus.
Qantas and Virgin Australia have been offered $A165 by the Australian government to ensure they maintain key domestic routes across the country. Both carriers have suspended the majority of operations in the wake of the coronavirus pandemic.
Qantas has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak.
Qantas and Jetstar have confirmed the majority of their 30,000 employees will be asked to stand down until at least the end of May as global travel comes to a virtual standstill during the coronavirus outbreak.
Qantas has unveiled a new safety video featuring mullets, moustaches, flying boats and propeller aircraft to celebrate its centenary.
At the same time, Qantas said it continued to deliver strong earnings in a mixed market, with an underlying profit before tax of $771 million for the first half of the year.
After detailed evaluation of the Boeing 777X and Airbus A350, Qantas has selected the A350-1000 as the preferred aircraft for the ultra-long-haul project Sunrise.
The Qantas Group has said it will aim to reach net zero carbon emissions by 2050 in a major expansion of the airline’s commitment to a more sustainable aviation industry.
The first non-stop commercial airline flight from New York to Sydney has landed after 19 hours 16 minutes in the air. A total of 49 passengers and crew were on the flight, which was used to run a series of experiments to assess health and well-being onboard.
Qantas has posted a 17 per cent fall in annual net profit, driven by rising fuel costs and a weaker Australian dollar. Qantas also confirmed it will run test services on planned 19-hour flights to determine whether passengers and crew can withstand the marathon journeys.
As the next step in its continuing support for Qantas’ distribution capabilities, Travelport has begun handling its first bookings with the carrier using IATA’s New Distribution Capability standard.