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  • QANTAS GROUP ANNOUNCES POST-COVID RECOVERY PLAN AND EQUITY RAISING FOR A STRONGER FUTURE

    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 […]

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  • CEO speech – Qantas Group Post-COVID recovery plan

    Qantas Group CEO, Alan Joyce: Good morning. Today we’re making some very significant – and in some cases, very difficult – announcements about the future of the Qantas Group. And they are focused on exactly that – making sure the national carrier has a strong future. Aviation is used to sudden shocks. Qantas has dealt […]

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  • QANTAS GROUP UPDATE ON ADDITIONAL LIQUIDITY

    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 […]

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  • QANTAS GROUP UPDATE ON CORONAVIRUS RESPONSE

    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 […]

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  • QANTAS AND AMERICAN AIRLINES JOINT BUSINESS TO DELIVER BENEFITS FOR MILLIONS OF TRAVELLERS

    Qantas has today welcomed the United States Department of Transportation’s (DOT) final approval of its joint business with American Airlines, to better serve customers travelling between North America, Australia and New Zealand. This follows the DOT’s tentative approval of the joint business in early June. Final approval means Qantas and American Airlines can now coordinate […]

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