First name But Qantas has signalled more flights could resume if the situation changed. $
was established in 16 November 1920 by Winton, Queensland, Australia and commenced operations on March 1921.. Qantas Airways Limited is the Australia’s flag carrier airline. Sign Up That hinges on Australia's states opening borders to allow free travel. And the comments by Qantas today are telling.By grounding most of its international fleet "for at least the next year", the airline is clearly not expecting international borders to open up in a meaningful way until at least June 2021.Should the much talked-about trans-Tasman bubble between Australia and New Zealand open up, Qantas will doubtless be part of that.But for non-Australians hoping to visit family abroad - or for Aussies eyeing a holiday to Bali - there's no need to pack the passport for a while yet. Try signing in with CONNECTED_THIRD_PARTY_NAMES or use another email address. In the short to medium term, Australia's strong domestic market should help Qantas's revenue partially revive. IATA says it will take more than three years for global travel to return to 2019 levels.Aviation industry analyst Shukor Yusof from Endau Analytics warned that worse is still to come for the world's airlines as they deal with the impact of the coronavirus. While the route is familiar, the Qantas pilot of a flight bringing Australians in the UK home said he had never seen the near-empty skies so 'eerily quiet.' Already have an account? © 2020 Expedia, Inc, an Expedia Group Company. Keep me signed in "But the collapse in billions of dollars in revenue leaves us little choice if we are to save as many jobs as possible, long term. Qantas has reduced its international flying capacity by a quarter, grounding eight Airbus A380s and leaving just two of the largest planes in its fleet flying.. The Sputnik V vaccine produced antibodies in patients taking part in early trials, the Lancet reports.© 2020 BBC. Email address
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More travel Find great deals on tickets and receive double points - Qantas Airways frequent flyer points and Expedia rewards points. The airline said its massive loyalty programme - which has 13 million members or around half Australia's population - would be its best hope of recovery while borders remain closed.The International Air Transport Association (IATA) - the peak body for airlines - has warned that global airline revenue has seen a 55% decline on 2019 levels. Sign Up with Naver "Coronavirus: Qantas axes most overseas flights until OctoberCoronavirus: Airlines set for 'worst' year on recordUS unemployment rate falls below 10% as firms rehireTwo candidates, two very different visits to Kenosha. Email address All rights reserved. $ Need an account? By signing in, I agree to the The cuts equate to about a fifth of the airline's workforce prior to the Covid-19 crisis. But international demand at that time is forecast to be half of what it was, Qantas said.The airline also plans to raise A$1.9bn (£1.05bn; $1.3bn) in equity - its first such move in 10 years - to bring in new funds and help "accelerate" its recovery.Other short-term savings will be found by grounding up to 100 planes, including its A380 fleet, and deferring the purchase of new planes, it said.Greg Waldron, Asia managing editor of FlightGlobal, told the BBC that the measures should help support the airline as it deals with the fallout from the pandemic.
In March, it furloughed more than 80% of its staff.Australia's national carrier said the collapse in global air travel had devastated revenues.Last week, the Australian government said its border would most likely remain closed into next year.On Thursday, chief executive Alan Joyce said the airline expected smaller revenues in the next three years, forcing it to become a smaller operation to survive. "The crisis is deeper and wider than what many think it is, and it will have a debilitating effect on the industry.