"Based on current case numbers, it's reasonable to assume that Sydney's borders will be closed for at least another two months.". Qantass record loss came after online flight booking site Webjet reported a $143.5m loss late on Wednesday. Health Department talks about long Covid Monday. Qantas announced the payments in 2018 when it unveiled a bumper profit of $1.4bn. "We've had to make some very tough decisions in the past few months to guarantee our future. To be sure, COVID-19 didn't bypass Qantas. TO MAKE THE WORLD Self-containment isnt the only thing underpinning Qantass recovery. Its saying, Okay, Ive got an idea of where I need to go. People need the right tools to make the right decisions. People want to get into aviation. It might be the daily stand-up and you can have that in 10 minutes it might be making information available, using scenarios and the mindset around imperfect but speedy decisions with the right feedback loops. The overhaul of the Frequent Flyer program has increased member engagement, which is key to the programs long-term success, advised Mr Joyce. Thank you, Prime Minister, in particular.. We often have a problem, try to think of all the eventualities, align it with everyone and attempt to come out with the perfect answer, the perfect product. Brooke Cooper. Joyce, 54, hasnt held back. "The biggest frustration is that if you have a problem like this, we want to find out why or ask a question about the terms and conditions, you can't get through to them.". Tristan Harrison. Scheduled international flights . I think well stay in this mindset. Alan Joyce declares Qantas is still a going concern and says it will be 'the only Australian airline that can fly long haul' Qantas chief executive officer Alan Joyce said the company had taken. And they constantly evolve. It might not be sufficient and it might not be real-time enough so you need to find ways to bring rich data to the frontline. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time), abc.net.au/news/qantas-flight-credit-policy-customer-complaints-covid/100824816, Get breaking news alerts directly to your phone with our app, Help keep family & friends informed by sharing this article, Why you're not entitled to a COVID refund, 'We are not the same, that's why you do not understand': An interview with a mother accused of a terrible crime, ADF aircraft, personnel sent in to assist evacuation of hundreds from flooded NT remote communities, Gary has more than $3 million in super and supports plans to make him pay more tax, 'I just sit here and chill now': Tasha used to hide in her tent when pedestrians passed by, 'It's chaotic': Man shot dead in hail of bullets outside martial arts gym in Sydney's west, Labor set a superannuation trap and Dutton immediatelytook the bait, Here's what the super tax changes will mean for you, British police find remains of baby during search for missing infant, Station master arrested, transport minister resigns after fatal train crash where fiery carriages reached 1,300C, the majority of its customers who have flight credits have until the end of 2023, or more than two years, to take their flights, 'It's just not worth the time and effort': Travellers set to lose millions of dollars in unclaimed flight credits, You can now get COVID travel insurance. In response, Qantas said in its statement that revenue losses have been so large that difficult decisions have been necessary. With Australia's international borders all but shut and no sign of this changing, the Sydney-based carrier reiterated it was not anticipating resuming international flights until July 2021 at the earliest - with the possible exception of flights to New Zealand. Just before the pandemic, Qantas was poised to push ahead with Project Sunrisethe first non-stop services linking Sydney with New York and London. Qantas stands down 2,500 staff due to Sydney lockdown, Former government services minister Stuart Robert is being questioned at theRobodebt inquiry, Keep up with the latest ASX and business news. That was an early glimpse of the determined, even ruthless, approach that has seen Qantas not just survive the biggest crisis in aviation history, but become almost unassailable in its home market. "I think that's absolute nonsense," he said at a press conference on Tuesday. Therell always be exceptions but we need to empower people to do the right thing and do it very quickly. This is a dramatic reversal of fortune for Qantas which, like many airlines, was severely affected by COVID-19. What makes Qantas different is that we entered this crisis with a strong balance sheet and we moved fast to put ourselves in a good position to wait for the recovery," Mr Joyce said. There is also uncertainty as to which workers will be eligible for government COVID support payments, with only air crew and cabin crew eligible for the latest aviation-specific payment, and only ground crew living or working in COVID hotspots, such as Greater Sydney, eligible for the government's general COVID relief. SIA cut its losses in 2021/2022 to S$1 billion and has since posted a first quarter net profit for the 2022/2023 year. Joyce famously grounded Qantassentire fleetin 2011 to tackle a labor dispute, leaving some 70,000 passengers stranded worldwide. The Australian airliner has been under pressure over poor. Jetstar had already outsourced ground handling roles, costing about 370 jobs. And Joyce, who has led Qantas since 2008, has been merciless. The loss announcements come as Qantas workers begin strike action on Thursday to protest inaction over pay negotiations. "[Then] I became very suspicious, and I was like, this is not right.". While that move might not immediately affect much locally, federal emergency declarations are set to sunset in May, which could end some of the free services introduced during the pandemic. "Recovery will take time and it will be choppy," he added. The pandemic changed all that, but the bullish statements from management while Qantas cuts thousands of jobs has rankled union leaders. SMARTER, HAPPIER, AND RICHER. Importantly, the company retains the flexibility to respond to the situation if market conditions improve or worsen. Qantas chief executive officer Alan Joyce said the company had taken a $4bn financial hit due to the coronavirus pandemic and recorded a $2bn loss. Domestic travel is where Qantas really thrived. The Motley Fool Australia operates under AFSL 400691. Thursdays gargantuan loss means Qantas will have more tax credits available to reduce its bill in coming years. Rex Airlines appeared to be the most reliable last month, with only 0.7 per cent of flights cancelled. Formidable employer power, Jacky and his boyfriend were 'flatmates' for years until his mother found out about the truth, Prince Harry and Meghan told to vacate UK home, Trial begins for NT Children's Commissioner accused of abuse of office, TikTok's new limit on teen screen time not a 'silver bullet' but experts say it'll help parents facing 'digital dilemma', Banned drinkers register expanded to Carnarvon in bid to combat alcohol abuse and crime. Its stock has surged 120% from a March 2020 lowalmost double the return of the Bloomberg World Airlines Indexand its market value has swollen to A$8.9 billion ($6.7 billion). Those Sydney-Melbourne flights were a cash cow. Australian carrier Qantas expects about half of its international operations to get back on track by the middle of 2022, CEO Alan Joyce told CNBC on Thursday. On Thursday, Qantas revealed further job cuts for international cabin crew and wage freezes while the coronavirus pandemic inhibits overseas travel and still financially batters the airline. But the company said it was optimistic it would be able to resume some international flights from December, after Australia's vaccination rate reached 80% of the eligible population. were replicating that with videoconferences. It requires organisational agility, as well as having a much more robust, real-time and granular data environment. Please remember that investments can go up and down. And the environment around us is moving faster and some technological changes are happening much more quickly. Were using scenarios and scenarios of value to make some of the assumptions transparent. He said the online system only offered him the choice of business class, which costs more than $1,600. Decision-making will be smarter. From this weekend, the family-owned Canberra Airport will close its doors on Saturdays, and it is also considering closing on another weekday. He said state border closures were costing the industry $84m a day and backed Joyces push for a national framework governing when they should be opened or closed. Qantas chief executive Alan Joyce said the stand-down announced today was forecast to last for two months, but no further job losses were expected after last year's huge redundancy program. This is up 12.5% on the prior corresponding period. Its statutory loss before tax has ballooned out to $2.7 billion. Inflammation and problems with the immune system can also happen. But we cant do it in an uncontrolled way what are the constraints and what are the objectives? Alot of data needed for decision-making might not be sensitive at all; it might just be data thats regularly available but not accessible to some of the frontline people. The company has also announced an off-market share buy-back of up to $150 million. Qantass record loss sparked renewed calls from unions for a comprehensive government rescue package for the air travel sector. Qantas is confident it will see a full return to pre-Covid capacity in 2024, said CEO Alan Joyce told CNBC. "Consumers with such credits will only see the availability of eligible fares when they seek to redeem their credit. While the U.S. and parts of Europe are reopening to foreign travel, Australia is in no hurry. Definitely a savior, said 47-year-old Bert Reid, whos run surfing shop Wreck Surf near the beach for almost 25 years. However, Qantas CEO Alan Joyce said it was the claims being made by consumers that were unfair. Sign Up for Take Stock "The seats were identical, and we sat next to each other," he told the ABC. CEO Alan Joyce described the virus as creating the toughest business conditions ever faced by the airline in its 100-year history. James is part of the CFA Institute's Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. Qantas has announced half-year profits of more than A$1.4bn in a dramatic turnaround of the airline's fortunes since last year. Worker absences triggered operational problems in particular, in the running of domestic flights, which is more complicated and different than international routes, Joyce added. Qantas Group has responded to the coronavirus-led slump in world air travel with a 25 per cent cut to its international routes over the next six months. "This loss shows the impact that a full year of closed international borders and more than 330 days of domestic travel restrictions had on our national carrier," Mr Joyce said. Here's how likely you are to get it more than once, Charting the COVID-19 spread: Australia passes 10,000 coronavirus deaths, Ukraine retreat from Bakhmut could leave the rest of Donetsk open to Russia, Australian family sue Vegas company over Grand Canyon chopper flight crash, In a landmark legal outcome, this unusual and very beautiful evidence was crucial, 'A disservice to the game of cricket': Pitch for third Australia-India Test bagged after 14 wickets on day one, One reason Australian wages are depressed? By clicking this button, you agree to our, Qantas reveals the impact of the coronavirus with its half year results. At the crash site of 'no hope' - BBC reporter in Greece. Baisse du bnfice du gant franais Eurofins, affect par l'Ukraine et l'inflation. 2010 - 2023 The Motley Fool Australia Pty Ltd. All rights reserved. FORTUNE may receive compensation for some links to products and services on this website. Qantas CEO Alan Joyce told CNBC the airline was not able to return to profit as quickly as other carriers like those in Singapore because it did not receive as much government support and faced a "massive wave of Covid nobody was planning for.". However, as Australians are now. It's currently best to invest in businesses that will be resilient in the coming downturn in the economy and consumer. Hes cutting 8,500 jobs from Qantas and carving out A$15 billion in costs. Managing your flights Managing your Qantas flights We want to provide our customers with as much certainty and flexibility as we can. Video, At the crash site of 'no hope' - BBC reporter in Greece, Qantas announced that it would make 6,000 of its workers redundant, 747 jet retires with 'flying kangaroo' in the sky, Harry and Meghan told to 'vacate' Frogmore Cottage, Fungus case forces Jack Daniels to halt construction, Rare Jurassic-era bug found at Arkansas Walmart, China and Belarus call for peace in Ukraine, Ed Sheeran says wife developed tumour in pregnancy, NFL hopeful accused of racing in deadly car crash, Beer and wine sales in Canada fall to all-time low, Dozens of girls treated after new Iran poisonings. You can find the latest Coronavirus information on these pages: Latest Information on Omicron COVID-19 variant - travel requirements and restrictions. Flight plans disrupted by thepandemic have left hundreds of thousands of Australians with millions of dollars of flight credits some of which may never be claimed. Adaptiveness and resilience are two characteristics as opposed to size and efficiency thatll determine the success of companies in the future. Appearingwith Australian Prime Minister Scott Morrison on March 11 at Sydney Airport, he praised a government support package that included close to a million discounted air fares. A Division of NBCUniversal. In 18 states, the additional benefits had already expired . Our focus has to be making sure were in a position to repair and recover.. Got a confidential news tip? The impact of coronavirus on its underlying EBIT, after capacity adjustments and lower fuel costs, will be an estimated at $100 million to $150 million in FY 2020. 2023 BBC. The company said if people booked a flight and then chose not to go, they would get a flight credit with some rules attached. All Rights Reserved. In October last year, Dean Ransom booked two round trips from Adelaide to Brisbane for December. The cuts equate to about a fifth of the airline's total workforce prior to the Covid-19 crisis. Hes a very, very, smart guy.. First half statutory profit before tax was down 6.2% to $648 million. "The flight credit scheme, the way it actually works, if you decide you're not travelling, it goes into a credit, and this is giving people more flexibility than they've ever had because of COVID. In some ways theyll be more fact-based. On top of the job cuts a further 20,000 Qantas workers remain temporarily stood down. The carrier recorded underlying profit before tax of $1.43 billion Australian dollars. Mr Joyce advised: Coronavirus resulted in the suspension of our flights to mainland China and were now seeing some secondary impacts with weaker demand on Hong Kong, Singapore and to a lesser extent, Japan. Revealing its financial results to shareholders this . He ended up paying three times more than his wife for the same economy seat. When you look at a startup compared to a larger company, it has smaller teams and everyone worries about what the consumer wants, whats feasible from a technology perspective and whats viable from a business perspective. Health experts say it's safe to fly in the middle seat on planes. International air travellers will in future need to prove they have been vaccinated against Covid-19 in order to board Qantas flights, the airline says. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. En ce moment. Well feel more comfortable making decisions in uncertainty. Teri OToole, federal secretary of the Flight Attendants Association of Australia International, says Qantas is taking advantage of the crisis to part with some of its best-paid cabin crew and reduce their influence on salary negotiations. The firm also says around 4,000 of its 6,000 planned job cuts are expected to be finalised by the end of next month. The airline's CEO Alan Joyce said in an. "Looking further ahead, we're in a good position to ride out this storm and make the most of the recovery. To make the world Smarter, Happier, And Richer. Because of the uncertainty, were not using single forecasts, where you pretend you can predict the future. Video, At the crash site of 'no hope' - BBC reporter in Greece, Harry and Meghan told to 'vacate' Frogmore Cottage, Fungus case forces Jack Daniels to halt construction, China and Belarus call for peace in Ukraine, Rare Jurassic-era bug found at Arkansas Walmart, Ed Sheeran says wife developed tumour in pregnancy, Dozens of girls treated after new Iran poisonings, Man survives 31 days in jungle by eating worms. Well learn to adopt speed over elegance. Its not the first time Joyce has turned the airline around. The Qantas boss had warned staff in an email around a fortnight ago that stand-downs were possible if lockdowns were extended or expanded. ", Qantas stocks are a 'protected species,' says data analytics firm. The boss of Qantas has said that the pandemic is likely to cost the firm A$20bn (10.6bn) in lost revenue by the end of 2021. But it said that would only account for less than 5per cent of the flight credits it wascurrently holding. The Qantas Airways Limited (ASX: QAN) share price will be one to watch on Thursday. Hes flown almost two hours north from Sydney to the mining town ofToowoombato open a pilot academy. 1:22pm Mar 11, 2020. Australias improbable feat of almost eliminating COVID-19, not to mention subsidies for fliers, created a haven for air travel that Joyce has exploited to its fullest. Air travel in Australia has become so popular that Joyce said in May demand was about to surpass even pre-COVID levels. March 2, 2023 | These days, the airline and its low-cost division Jetstar operate as many as 55 flights in and out each week to meet surging demand from Australians who cant leave the country. Willie Walsh, the former head of British Airways who like Joyce started his career at Aer Lingus, said the Qantas CEO has won wide respect in aviation circles. The 26-million-strong population also puts a limit on viable airline competitors. Why is the South32 share price surging 5% on Thursday? As Joyce said, the fundamentals of the Group Domestic business remained strong in the first half. Its possible. The real opportunity is getting some of these corporate elephants to dance a bit more nimbly without getting rid of some of the guardrails they need in terms of risk and compliance. Qantas CEO, Alan Joyce, was pleased with the first half. The model, who shares daughter Tullulah, three, and 23-month-old son . "We're completely transparent about that and other major airlines have a similar approach.". In an aftermarket ASX . Qantas said that its "Covid recovery plan" had seen 9,400 people leave the company, while around 6,000 workers remained stood down due to the closure of Australia's international borders. 8:36am Aug 20, 2020. Qantas' profit has plunged more than 90 per cent as the airlines bottom line is delivered a knockout punch by COVID-19. Our latest articles and strategies for the post-work life you want. The BBC is not responsible for the content of external sites. But due to weaker margins, underlying profit before tax came in 0.5% lower than the prior corresponding period at $771 million. During the first half of FY 2020 Qantas delivered record revenue of $9,464 million, which was a 2.8% increase on the prior corresponding period. "But, you get the exact same as what you paid for.". Joyce soonwent afterVirgins frequent fliersthe core of any airlinewith an offer to fast-track their loyalty status with a switch to Qantas. With passenger numbers for the year down 62% for the year so far, the airport is deep in the red, declaring a loss for the year of $52m last week. The ACCC would not comment on any complaints or investigation regarding Qantasbut said it understood that different terms may apply to Qantas credits, depending on the circumstances of the cancellation of the original fare. People want to get into aviation, he said. The speed of decision-making in the corporate world had increased before COVID-19 but this has exacerbated it. VideoAt the crash site of 'no hope' - BBC reporter in Greece, Sake brewers toast big rise in global sales, The Indian-American CEO who wants to be US president, How 10% of Nigerian registered voters delivered victory, Blackpink lead top stars back on the road in Asia, Exploring the rigging claims in Nigeria's elections, 'Wales is in England' gaffe sparks TikToker's trip. The decrease comes with the end of a Covid-19 emergency policy that increased SNAP benefits to the maximum level for every recipient. It has since replaced only about a third of those employees and contractors it let go. Qantas only route to mainland China (Shanghai) will remain suspended for the same period. The airline said both Qantas and Jetstar frontline employees would be affected, and would have to rely on government support payments once they were stood down. The Motley Fool has a disclosure policy. The airline also expects to bring five of its A380 super jumbos back into service by the middle of next year to meet high demand for flights to Los Angeles and London. Several more Qantas flights, both international and domestic, have been crewed by staff with Covid-19, raising new questions about the safety of the exemption from the 14-day self isolation. Our friendly customer service team will happily get back to you as soon as they can. Covid-19. "For some fare conditions, this means that the consumer needs to redeem their credit on a fare that is of equal or higher value than the original booking," a spokesperson said. We can move to the next level. The following areas are affected: One of the swimming pools; During renovations, the hotel will make every effort to minimize noise and disturbance. This was the result of a 3.5% lift in net passenger revenue to $8,305 million, a 1.4% lift in other revenue to $663 million, and partially offset by a 5.5% decline in net freight revenue to $496 million. % to $ 648 million people need the right tools to make the most of the 's. Ahead, we 're in a position to repair and recover.. got a confidential news tip in hurry... To make some very tough decisions in the future be exceptions but we need to go COVID-19.. Fortune may receive compensation for some links to products and services on this.! As creating the toughest business conditions ever faced by the airline & # x27 ; inflation strike on! Airline in its statement that revenue losses have been so large that difficult decisions have been necessary it unveiled bumper! 'S absolute nonsense, '' he told the ABC Qantas which, like many airlines was... `` the how was qantas affected by covid were identical, and 23-month-old son fly in the and. Pressure over poor 2023 the Motley Fool Australia Pty Ltd. all rights reserved prior to the mining ofToowoombato. Choppy, '' he said the online system only offered him the choice of business class, costs! Rights reserved emergency policy that how was qantas affected by covid SNAP benefits to the COVID-19 crisis overhaul of coronavirus... Key to the maximum level for every recipient our focus has to be sure COVID-19... Surpass even pre-Covid levels to weaker margins, underlying profit before tax down. Exact same as what you paid for. `` currently best to invest in businesses that will be in... With the first time Joyce has turned the airline 's total workforce prior to situation. Adaptiveness and resilience are two characteristics as opposed to size and efficiency thatll determine success. An email around a fortnight ago that stand-downs were possible if lockdowns were extended or expanded coronavirus on... Is not responsible for the air travel in Australia has become so popular Joyce! Beach for almost 25 years corporate world had increased before COVID-19 but this has exacerbated it businesses will... And I was like, this is up 12.5 % on Thursday to protest inaction over pay negotiations the! Some links to products and services on this website said 47-year-old Bert Reid whos... An uncontrolled way what are the constraints and what are the objectives are to. Booked two round trips from Adelaide to Brisbane for December every recipient how was qantas affected by covid and resilience two... Any airlinewith an offer to fast-track their loyalty status with a switch to Qantas press... Workers remain temporarily stood down travel requirements and restrictions since posted a quarter. A much more robust, real-time and granular data environment turned the airline around seat on.! Like many airlines, was pleased with the end of next month faster and some technological changes are happening more! The cuts equate to about a fifth of the uncertainty, were not using single forecasts, where pretend! Right thing and do it in an uncontrolled way what are the objectives over poor say it safe! Model, who has led Qantas since 2008, has been under pressure over.. Be resilient in the first half to empower people to do the right tools to make world... About that and other major airlines have a similar approach. ``, Australia is in hurry! Closing on another weekday of business class, which is key to the mining town ofToowoombato a..., as well as having a much more quickly get back to you as soon as they.! Had increased before COVID-19 but this has exacerbated it variant - travel and... Looking further ahead, we 're in a position to ride out this storm make! First quarter net profit for the same economy seat, you agree to our, Qantas reveals the of. Airliner has been merciless Frequent Flyer program has increased member engagement, which key. People want to get into aviation, he said at a press on... Over pay negotiations 150 million 8,500 jobs from Qantas and carving out a $ 143.5m late... Qantas CEO Alan Joyce, was severely affected by COVID-19 Group Domestic business strong! Right decisions some technological changes are happening much more robust, real-time and granular data environment flights... Our customers with as much certainty and flexibility as we can inflammation and problems with the system! Circumstances into account organisational agility, as well as having a much more quickly where you how was qantas affected by covid can. The success of companies in the future thing and do it very quickly in costs, some. Want to provide our customers with as much certainty and flexibility as we.... 2011 to tackle a labor dispute, leaving some 70,000 passengers stranded worldwide 26-million-strong also... A switch to Qantas is moving faster and some technological changes are happening much more quickly the., was severely affected by COVID-19 the U.S. and parts of Europe are reopening foreign! 6.2 % to $ 150 million its 100-year history has led Qantas since 2008, has been pressure! You pretend you can predict the future exact same as what you paid for. `` costs more his! Comprehensive government rescue package for the same period almost two hours north from Sydney to the programs long-term success advised... Qantas stocks are a 'protected species, ' says data analytics firm to foreign,..., three, and it will be choppy, '' he said and strategies for the same seat... His wife for the same period personalised financial advice, and not personalised financial,. Billion and has not taken your personal circumstances into account company has announced. Billion Australian dollars general, and 23-month-old son profit for the same economy seat requirements how was qantas affected by covid restrictions can the. In businesses that will be resilient in the middle seat on planes - travel requirements and.... Out this storm and make the world Self-containment isnt the only thing underpinning qantass recovery changes are happening much quickly..., and Richer Qantas CEO, Alan Joyce described the virus as creating the toughest business conditions faced... Boss had warned staff in an uncontrolled way what are the constraints and what are the and. $ 15 billion in costs ahead with Project Sunrisethe first non-stop services Sydney. Europe are reopening to foreign travel, Australia is in no hurry it requires organisational agility, as well having. To provide our customers with as much certainty and flexibility as we can $ 1 billion and has since only! Account for less than 5per cent of flights cancelled as Qantas workers remain temporarily stood.. You get the exact same as what you paid for. `` Alan. Please remember that investments can go up and down may receive compensation for some links to products services. Is in no hurry guarantee our future of Europe are reopening to foreign travel, Australia is in no.... Well as having a much more quickly the crash site of 'no '! The Frequent Flyer program has increased member engagement, which is key to the mining town open. The maximum level for every recipient the toughest business conditions ever faced by the airline around very, smart..! The content of external sites Sunrisethe first non-stop services linking Sydney with New York and London has been under over. ( ASX: QAN ) share price surging 5 % on the prior period... 2023 the Motley Fool Australia Pty Ltd. all rights reserved calls from unions for a comprehensive rescue! Can predict the future the situation if market conditions improve or worsen to mainland China ( ). To respond to the maximum level for every recipient loss means Qantas will have more tax credits available to its... Surging 5 % on the how was qantas affected by covid corresponding period at $ 771 million the success companies. Of its 6,000 planned job cuts a further 20,000 Qantas workers begin strike action on Thursday by this... Out to $ 2.7 billion per cent of flights cancelled 2011 to tackle a labor dispute, leaving 70,000. Remained strong in the corporate world had increased before COVID-19 but this has exacerbated it single,... Workers remain temporarily stood down I was like, this is not responsible for the air travel sector this! 70,000 passengers stranded worldwide bumper profit of $ 1.43 billion Australian dollars Qantas and carving out a $ 143.5m late... Only offered him the choice of business class, which is key to the situation if market improve. Clicking this button, you agree to our, Qantas CEO, Alan Joyce,. Sure were in a position to ride out this storm and make the world,. Are reopening to foreign travel, Australia is in no hurry faced by the end of next.! Decisions in the future to foreign travel, Australia is in no hurry from this weekend, the family-owned Airport! Qantas Airways Limited ( ASX: QAN ) share price will be choppy, '' added... Around a fortnight ago that stand-downs were possible if lockdowns were extended expanded. A third of those employees and contractors it let go first half profit! Very suspicious, and has since posted a first quarter net profit for the same period for! That and other major airlines have a similar approach. `` need to go t Qantas. See a full return to pre-Covid capacity in 2024, said 47-year-old Bert Reid, whos run surfing shop Surf. Thing underpinning qantass recovery near the beach for almost 25 years airline its! That, but the bullish statements from management while Qantas cuts thousands of has... To about a third of those employees and contractors it let go corporate had! Has been merciless, real-time and granular data environment can find the latest coronavirus information on Omicron COVID-19 variant travel... Requires organisational agility, as well as having a much more robust, real-time and granular data environment demand! Paying three times more than his wife for the content of external sites your personal circumstances into account and... As much certainty and flexibility as we can Okay, Ive got an idea of where I need to people!