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  • QANTAS COMPLETES ~$1,360 MILLION INSTITUTIONAL PLACEMENT WITH STRONG INVESTOR SUPPORT

    The Qantas Group is pleased to announce the successful completion of an approximately $1,360 million fully underwritten placement (Placement) of approximately 372.7 million new shares (Placement Shares) to institutional investors at a price of $3.65 per Placement Share (the Placement Price). The Qantas Group received high levels of interest from both existing institutional shareholders and […]

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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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