The Qantas Group has completed a new round of debt funding, securing $1.05 billion in additional liquidity to strengthen its position as it manages through the Coronavirus outbreak. This debt has been secured against part of the Group’s fleet of unencumbered aircraft[1], which were bought with cash in recent years. The loan has a tenure […]

Qantas and Jetstar to suspend scheduled international flights from late March, following latest government travel advice; some ongoing ad hoc services possible. 60 per cent reduction to domestic flights, focused on cutting frequency. Two-thirds of employees to be temporarily stood down to preserve as many jobs as possible longer term. Payment of $201 million shareholder […]

QANTAS Revised Qantas mainline network Region/Port Destination East Coast capitals Sydney-Melbourne (88 return services per week, down from 250) Sydney-Brisbane (50 return services per week, down from 142) Melbourne-Brisbane (36 return services per week, down from 95) East-west Sydney-Perth (25 return services per week, down from 47) Melbourne-Perth (22 return services per week, down from […]

As a result of significant falls in travel demand due to Coronavirus, and new government restrictions across multiple jurisdictions in recent days, Qantas and Jetstar will make further and much larger cuts to domestic and international flying schedules. To be phased in from the end of March 2020 onwards: Total Group International capacity will be […]