Re: Stock markets tanked
Qantas says it will reduce capacity by almost a quarter for the next six months due to fears over COVID-19, including grounding 38 aircraft.
The airline said there had been a "sudden and significant drop" in demand for flights and that it must reduce the frequency of flights as well as the size of aircraft.
In a statement, the airline said: "The latest cuts follow the spread of the coronavirus into Europe and North America over the past fortnight, as well as its continued spread through Asia."
As part of the cutbacks Qantas will:
- Ground 38 aircraft, including eight A-380s
- Re-route services to London, flying via Perth instead of Singapore
- Ask staff to take annual leave and unpaid leave
Miniature Qantas CEO Alan Joyce said while redundancies were a last resort, the changes meant about 2,000 jobs were now surplus to requirements.
https://www.abc.net.au/news/2020-03-...vices/12041358