There has not been much good news for Qantas of late culminating in their announced loss of $1 billion for the first 6 months of the financial year announced last month. However, these past few weeks there has been some blue sky for Qantas. First was the Federal Governments post-JobKeeper $1.2 billion aviation and tourism…
Alan Joyce has used the airline’s AGM to put unions on notice that he expects employees to be flexible on new work agreements. The Qantas CEO wants cheaper labour to compete with a post-administration Virgin Australia and help offset the severe financial challenges facing the airline. Unions reacted angrily to the demand saying that Qantas…
Qantas is still very much on war footing as it continues to navigate the impacts of COVID-19. One thing you could not accuse Alan Joyce of is procrastinating. Alan Joyce has increased pressure on state premiers over border closures urging 20,000 of its stood-down staff and the airlines 10,000 suppliers to sign a petition calling…
Read More Alan Joyce has increased pressure on state premiers over border closures
Alan Joyce was supposed to be celebrating Qantas’ Centenary Year, but the COVID-19 crisis has seen Qantas effectively stalled for the past few months as demand for travel has evaporated. Alan Joyce has just announced details of Qantas’ post COVID-19 recovery plan which are extreme and brutal in terms of cost reductions and job losses.…
When the coronavirus travel restrictions hit shutting down the airlines Virgin Australia was always in trouble. Unlike Qantas, Virgin Australia had an unhealthy balance sheet. Lots of debt made Virgin Australia vulnerable. The airline undertook its expansion and development by borrowing billions of low-cost monies that was available. The company also pursued growth over profits…
Qantas is no stranger to external shocks. It endured September 11, the GFC, Bali bombings, earthquakes, tsunamis, rising fuel costs etc. But according to Alan Joyce the coronavirus induced aviation crisis is like none before it. It’s the single biggest shock that global aviation had ever experienced. Will Qantas survive? The answer is yes. He…