By Tony Winterburn • 25 June 2020 • 8:54
image credit: Twitter
THE company announced plans to reduce costs by billions of dollars and raise fresh capital, including the grounding of 100 planes for a year or more and immediately retiring its six remaining Boeing 747 planes.
Chief executive Alan Joyce said the airline has to become smaller as it braces for several years of much lower revenues, and furloughed workers faced a long interruption to their airline careers.
Alan Joyce: “The actions that we’re taking will have a huge impact on thousands of our people.
“This is something that weighs very heavily on all of us.
“This is something that we don’t make a decision on very easily. But the collapse of billions of dollars in revenue leaves us with little choice if we are to save as many jobs as possible longer term.”
Australian Prime Minister Scott Morrison expressed deep regret about the cuts, saying Qantas employees were passionate about the company but defended the “extraordinary” efforts of the airline amid a global pandemic.
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