Qantas boss retires early after allegations the Australian airline sold tickets for canceled flights
The boss of Australian airline Qantas says he will leave his job immediately — two months earlier than planned — following a series of embarrassing revelations about the company, including allegations it sold tickets for flights that had already been canceled.
Qantas expects to start international flights in October
(AP Photo/Rick Rycroft, File)CANBERRA – Qantas Airways does not expect to resume international travel apart from New Zealand until late October after the Australian population is vaccinated for COVID-19, the airline’s chief executive said on Thursday. The Sydney-based airline had been selling seats on international flights from July 1. But there has been a huge surge in COVID-19 cases around the world since those July flights went on sale in early January, Qantas chief executive Alan Joyce said. Qantas still expected a “material increase” in flights between Australia and New Zealand by July, Joyce said. AdQantas on Thursday posted a 1.47 billion Australian dollar ($1.17 billion) statutory loss for the six months through December and a AU$6.9 billion ($5.5 billion) fall in revenue due to pandemic restrictions.
As virus cases spike, financial outlook for airlines dims
With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world’s airlines is getting worse. The latest estimate breaks down to airlines losing $66 for every passenger carried this year. However, the trade group now sees a quicker recovery. Last year, airlines carried 4.5 billion passengers, according to the trade group. It estimates that number will plunge to 1.8 billion this year, then rise to 2.8 billion next year.
Flying overseas? You may have to get coronavirus vaccine
WELLINGTON – International air travel could come booming back next year but with a new rule: Travelers to certain countries must be vaccinated against the coronavirus before they can fly. Encouraging news about vaccine development has given airlines and nations hope they may soon be able to revive suspended flight routes and dust off lucrative tourism plans. In Australia, the boss of Qantas, the country's largest airline, said that once a virus vaccine becomes widely available, his carrier will likely require passengers use it before they can travel abroad or land in Australia. He said they were looking at ways to electronically verify that people have the necessary vaccine for their intended destination, a difficult task. Many people are hoping that vaccinations will become widely available next year, paving the way for a broader reopening of international air travel.
Qantas expects global travel won't resume until mid-2021
Qantas Chief Executive Officer Alan Joyce walks through the airline's headquarters following a results announcement in Sydney, Thursday, Aug. 20, 2020. Qantas Airways announced that the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won't resume before mid 2021. (Dean Lewins/AAP Image via AP)CANBERRA Qantas Airways said Thursday the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won't resume before mid-2021. The airline recorded a AU$771 million ($554 million) pre-tax profit in the first half of the fiscal year before the pandemic struck. Joyce said Qantas was in a better financial position than many airlines to survive the pandemic.
Australia's Qantas airline to cut 6,000 jobs as virus hits
WELLINGTON Qantas plans to cut at least 6,000 jobs and keep 15,000 more workers on extended furloughs as Australia's largest airline tries to survive the coronavirus pandemic. Qantas announced a plan Thursday to reduce costs by billions of dollars and raise fresh capital. The plan includes grounding 100 planes for a year or more and immediately retiring its six remaining Boeing 747 planes. Chief Executive Alan Joyce said the airline has to become smaller as it braces for several years of much lower revenues. This crisis has still hit us very, very hard and the impact will be felt for a long time," Joyce said.