/ 26 February 2021

Qantas stays grounded

The good news: Qantas is planning to resume services to New Zealand in July. The not so good news: it has pushed back other international flights until late October, when the COVID-19 vaccine rollout is set to wrap up. The even worse news: the airline announced a $1.08 billion half-year loss yesterday after an almost $7 billion drop in revenue thanks to continuing travel restrictions. Qantas boss Alan Joyce said the figures are “stark, but not surprising”, with virtually all of the airline’s international flights and 70% of domestic business grounded. Joyce is a firm advocate of open state borders, saying he hopes the vaccine will help Aussies book without the fear that borders will snap shut. He’s also a big fan of the government’s JobKeeper payment… Qantas banked $459 million in the wage subsidy between July and December – and he’s flagged another round of job cuts when the payment ends in March.

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