Australia’s Qantas says international flights ‘unlikely’ to resume before July 2021

0

The airline reported a 2.7 billion Australian {dollars} ($1.9 billion) loss for the monetary yr that led to June, and a 91% drop in revenue from the prior yr.

The corporate stated it noticed a income drop of four billion Australian {dollars} ($2.9 billion) within the second half of the monetary yr because of the “Covid-19 disaster and related border restrictions.”

Qantas Group CEO Alan Joyce stated in an announcement that the second half of fiscal yr 2020 was the “hardest set of circumstances the nationwide provider had confronted in its 100 years” however added that the corporate had the “resilience to take care of them.”

“We have needed to make some very robust choices previously few months to ensure our future. At the very least 6,000 of our individuals will go away the enterprise via no fault of their very own, and 1000’s extra will likely be stood down for a very long time,” Joyce stated. “Restoration will take time and it will likely be uneven.”

The coronavirus pandemic has hit the airline trade laborious. The Worldwide Air Transport Affiliation, an airline commerce group, stated in July that it does not anticipate international air journey to recuperate from the disaster till 2024.

LEAVE A REPLY

Please enter your comment!
Please enter your name here