Group-wide property review of its rented space, particularly corporate offices. Some aviation facilities may move if opportunities to consolidate on-shore. Part of the Group’s overall ‘reset’ and recovery plan in response to COVID crisis. Expression of interest process for state governments. The Qantas Group is reviewing the location of its key facilities as part …
QANTAS
Qantas has today announced it will help maintain critical transport links to key regional cities, following Virgin Australia’s decision to exit a number of markets. Subject to state borders opening, Qantas will launch new flights from Brisbane to Port Macquarie. The flights will be operated up to five times per week with the airline’s Q400 …
QANTAS to Boost Regional Flights with New Brisbane – Port Macquarie Service Read More »
The Qantas Group has today confirmed a 10 year, $500 million unsecured bond issue as part of ongoing management of its debt maturity profile. Once settled, the proceeds will strengthen short term liquidity and then be used to pay $400 million in bonds due to expire in June 2021. The coupon for the new bond, …
QANTAS Confirms $500 Million Unsecured Bond Issue Read More »
As part of its COVID recovery plan, the Qantas Group has informed its people and relevant unions of initiatives affecting its ground handling operations at airports across Australia. Qantas and Jetstar directly employ people in various ground operations roles – which includes baggage handling and aircraft cleaning – at 11 large airports around the country. …
Statement on QANTAS and Jetstar Ground Handling Services Read More »
Underlying Profit Before Tax: $124 million (down 91%) Statutory Loss Before Tax: $2.7 billion (majority of which is non-cash, including aircraft write downs) $4 billion revenue impact from COVID crisis in 2H20 Operating cash flow: $1.1 billion Liquidity of $4.5 billion providing considerable buffer to manage uncertainty Significant progress on initial steps of three-year recovery …
QANTAS Group FY20 Financial Results – Navigating Exceptional Conditions Read More »
Qantas will turn some of its excess stock of pyjamas, amenity kits and snacks into care packs that can be sent directly to the doors of people doing it tough in lockdown during the COVID-19 crisis. With all Qantas international flights and the majority of domestic flights currently suspended, the airline has an oversupply of …
QANTAS PJ’s Home Delivered to Help Boost Lockdown Morale Read More »
Qantas has announced a program of events to farewell its last remaining Boeing 747 and provide Australians with the opportunity to say goodbye to the much loved “Queen of the Skies” ahead of its retirement from the national carrier’s fleet. The airline will operate three one-hour “farewell jumbo joy flights” departing from Sydney, Canberra and …
QANTAS to give final 747 Jumbo Jet a farewell fit for a Queen Read More »
Three year strategy to guide recovery and return to growth in changed market. Costs reduced by $15 billion during three year period of lower activity; $1 billion in ongoing cost savings per annum from FY23. Around 100 aircraft to be grounded for up to 12 months; some for longer. Job losses and extended stand downs …
