In a trading update on Thursday, the major airline unveiled a new voluntary redundancy program for international crew as part of additional cost cutting measures.
Qantas chief executive Alan Joyce said the company was beginning to turn a corner. Picture: Naomi JellicoeThe major airline revealed consumer confidence had returned to domestic travel, but significant costs relating to redundancies, aircraft writedowns and depreciation charges would likely cause a statutory loss for financial year 2021 in excess of $2bn.
“The main driver is the rebound of domestic travel, which now looks like it will be bigger than it was pre-COVID, at least until international borders reopen.” The company also announced a two-year wages freeze for existing employees and has rolled out a new voluntary redundancy program for international cabin crew. Picture: Supplied.Qantas has a liquidity position of $4bn; however, total revenue loss from COVID-19 for FY21 is expected to be $16bn.
After my experiences with both Qantas and VirginAustralia customer service a couple of weeks ago I certainly will be avoiding Qantas from now on.
After all the government t handouts Qantas keeps sacking the employees.
Always figured a plague from God to be a bad thing, which is weird because it’s “from God”
hahaha Joyce is a cnt of epic proportions.. took a government bail out just to sack staff... imagine flying that sht airline ever again, never me
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