Coronavirus: the airline Qantas is going to delete 6000 posts

australia's Qantas on Thursday announced the elimination of 6,000 jobs and the maintenance in soil of a hundred devices for a year, in order to save more than

Coronavirus: the airline Qantas is going to delete 6000 posts

australia's Qantas on Thursday announced the elimination of 6,000 jobs and the maintenance in soil of a hundred devices for a year, in order to save more than 9 billion euros over three years "restricted activity".

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"We need to put ourselves in position for several years where the turnover will be much lower. And it means to become a smaller company in the short term", said in a press release the ceo Alan Joyce, commenting on the deletion of more than one position on the five.

The fall of the demand had already forced Qantas to suspend, until in October all its international flights, outside of those to New Zealand. "The Covid is the greatest challenge that the air transport has ever faced in the world," wrote the group. "The plan is designed to take into account the uncertainty resulting from the crisis, preserving as much of the assets and key skills that the group can reasonably keep", he estimated.

Issuance next new shares

About 29,000 employees of the group currently, 15.000 must remain slack until the return of international flights. To get through this crisis, the group also intends to raise 1.9 billion australian dollars (1.16 billion euros) by issuing new shares. The job cuts will concern Qantas and its subsidiary "low cost" Jetstar.

The company said it was reasonably optimistic for its future. "Nearly two-thirds of our profits before the crisis came from the domestic market, which is likely to recover more quickly," said Mr. Joyce. "We're number one on the links conventional and low-cost in Australia, where distances make air transport essential.

Its sole competitor in australia, Virgin Australia, is in cessation of payments in April, and discussing with two prospective buyers, Bain Capital and Cyrus Capital Partners.

The editorial team conseilleLufthansa: agreement management-union on 500 million euros of économiesLe european air transport industry in difficulty calls on the EU to support its transition verteAucun comment

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Updated Date: 25 June 2020, 02:47

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