Qantas Just Eight Weeks Away From Running Out of Money Following Massive Losses Due to Covid-19
4 years, 2 months ago

Qantas Just Eight Weeks Away From Running Out of Money Following Massive Losses Due to Covid-19

News 18  

A Sydney court heard on Monday that Australia’s flag carrier Qantas was just eight weeks away from running out of money due to massive losses incurred in the wake of the coronavirus pandemic. The airline was taken to the Federal Court by the Australian Licensed Aircraft Engineers Association, which has challenged the legality of terminating about 450 Qantas and Jetstar maintenance engineers, ABC said in a news report. Appearing for the flag carrier, barrister Rowena Orr told the court: “By late March this year, the Qantas group had formed the view that if they continued to operate their regularly scheduled flights, the group would have exhausted its existing cash reserves within a period of eight to 10 weeks." Last month, the flag carrier had announced another 2,500 job cuts as it plans to outsource ground handling services at major airports.

Qantas Massive Losses  massive  losses  following  carrier  flights  engineers  running  flag  job  weeks  covid19  billion  qantas  away  money  group  court

History of this topic

Qantas says majority of flights are 'on time' at airports as engineers strike for 24 hours
1 week, 4 days ago

Qantas says majority of flights are 'on time' at airports as engineers strike for 24 hours

ABC  

Airports around the country have reported minimal disruptions to travellers despite hundreds of Qantas engineers walking off the job on Friday. The strike action comes after long-running negotiations broke down between Qantas and the unions representing engineers over their request for a 25 per cent pay rise. "Qantas has offered pay increases, new career pathways, and more advanced training, which …

Qantas facing multi-million-dollar compensation bill for illegally sacking 1,700 workers in 2020, Federal Court rules
2 months ago

Qantas facing multi-million-dollar compensation bill for illegally sacking 1,700 workers in 2020, Federal Court rules

ABC  

Qantas is facing a multi-million-dollar compensation bill after it illegally sacked hundreds of workers during the COVID-19 pandemic, with the Federal Court ordering three former employees will receive a share of $170,000. At the Federal Court in Sydney on Monday, Justice Michael Lee ruled that Qantas would be required to pay varying degrees of compensation based on three "test cases". …

This Australian airline sold tickets for cancelled flights, now paying a hefty fine of $79 million
7 months, 2 weeks ago

This Australian airline sold tickets for cancelled flights, now paying a hefty fine of $79 million

India TV News  

Qantas Airways agreed to pay 120 million Australian dollars in compensation and a fine for selling tickets on thousands of cancelled flights, the airline and Australia’s consumer watchdog said on Monday. 86,000 customers affected Qantas agreed to settle the suit by paying an AU$100 million fine to the Australian government and a projected AU$20 million to more than 86,000 affected …

Qantas passengers to receive up to $450 after major blunder: How to find out if you're eligible
7 months, 2 weeks ago

Qantas passengers to receive up to $450 after major blunder: How to find out if you're eligible

Daily Mail  

Qantas has admitted it misled thousands of customers over flight cancellations for years and will now be forced to pay $120million in fines and compensation. Further information can be found at www.qantasremediation.deloitte.com.au Qantas will pay millions of dollars in compensation to more than 86,000 customers who made a booking on a flight two or more days after the cancellation decision …

Qantas customers say the airline's $1.7b profit result has come at the expense of their loyalty
1 year, 4 months ago

Qantas customers say the airline's $1.7b profit result has come at the expense of their loyalty

ABC  

Qantas has recorded a bumper annual profit of $1.7 billion in the last financial year, but once-loyal customers with the airline say the result is at their expense. Key points: Qantas's return to profit comes after it posted an $860 million net loss in the last financial year The airline says its profitability is due to "incredibly robust" demand for …

Qantas Airways' international flying to be twice as lucrative in post-Covid era
1 year, 6 months ago

Qantas Airways' international flying to be twice as lucrative in post-Covid era

Hindustan Times  

Qantas Airways Ltd. said international flying will be at least twice as lucrative in the post-Covid era, thanks to new income from marathon direct flights that crisscross the world and deep cost cuts during the pandemic. Qantas Airways' international flying to be twice as lucrative in post-Covid era In its first investor day in four years, the Australian airline on …

Qantas names Vanessa Hudson as next CEO
1 year, 7 months ago

Qantas names Vanessa Hudson as next CEO

The Hindu  

Australian airline Qantas Group said Tuesday, May 2,2023 Chief Financial Officer Vanessa Hudson will become its next chief executive and managing director, replacing Alan Joyce in November. “There's not many female CEOs in the worldwide aviation industry and it's a credit to this country that a gay Irishman was appointed 15 years ago to be CEO of the company and …

Qantas complaints soar, as the ACCC calls on airlines to cut domestic airfares
1 year, 9 months ago

Qantas complaints soar, as the ACCC calls on airlines to cut domestic airfares

ABC  

The Australian Competition and Consumer Commission has warned airlines to cut domestic airfares, as consumers continue to pay well above 2019 prices. Key points: Domestic airfares have fallen from historic highs in December, but are still more than in 2019 The price of jet fuel was 35 per cent lower in February than in June 2022 Qantas is the most …

Qantas half-year profit tops $1 billion as revenues triple on post-pandemic travel boom
1 year, 10 months ago

Qantas half-year profit tops $1 billion as revenues triple on post-pandemic travel boom

ABC  

Despite a return to profit, Qantas still faces the anger of passengers and frequent flyers disappointed with flight delays, lost luggage, cancellations, credits and refunds. Key points: Qantas has posted a billion dollar net profit after cumulative COVID-related losses of $7 billion The airline says strong demand, rising fares and lower costs have driven the improvement Chief executive Alan Joyce …

Qantas upgrades profit forecast by $150 million off the back of booming travel
2 years, 1 month ago

Qantas upgrades profit forecast by $150 million off the back of booming travel

ABC  

Qantas has lifted its profit forecast for the December half by $150 million, saying limited capacity for international travel is seeing more Australians holiday at home. Key points: Qantas has issued another profit upgrade, a little over a month from a previous upgrade The airline now expects to make an underlying profit of between $1.35-1.45 billion for the current half-year …

Qantas announces more flight interruptions amid $15m WA tourism campaign
2 years, 3 months ago

Qantas announces more flight interruptions amid $15m WA tourism campaign

ABC  

Tourism and health industries in the Midwest are being hit hard by ongoing flight disruptions and Qantas has announced that cancellations could extend to October. Key points: Disruptions and altered schedules are costing people money and time, angry doctors and business owners say A Geraldton business leader says Qantas is risking its reputation Qantas says flight volumes will increase once …

Australia’s Qantas airlines asks top executives to become baggage handlers amid labour crisis
2 years, 4 months ago

Australia’s Qantas airlines asks top executives to become baggage handlers amid labour crisis

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Airport chaos showing no signs of ending as workers threat striking and Qantas boss lashes out
2 years, 4 months ago

Airport chaos showing no signs of ending as workers threat striking and Qantas boss lashes out

Daily Mail  

Qantas says striking baggage handlers are doing a 'terrible, terrible thing' to Australians after walking off the job over current working conditions. 'Chronically overworked ground crew at aviation company dnata will today apply to the Fair Work Commission to hold a vote on strike action over the company’s attempt to push through an agreement that gives pay cuts to experienced …

Qantas pilot lifted lid on flying airplane for troubled airline
2 years, 5 months ago

Qantas pilot lifted lid on flying airplane for troubled airline

Daily Mail  

A senior Qantas pilot has lifted the lid on the reality of flying a plane for the troubled airline after he returned to the skies following the height of the Covid pandemic. A senior Qantas pilot has lifted the lid on the reality of flying an airplane for the troubled airline The pilot, who spoke under the pseudonym Tom, described …

Can Qantas bounce back from 'perfect storm' as delays, staff disputes, COVID and jet fuel price hit hard?
2 years, 5 months ago

Can Qantas bounce back from 'perfect storm' as delays, staff disputes, COVID and jet fuel price hit hard?

ABC  

For 30 years Tom has piloted Qantas planes all over the world and as one of the airline's most senior captains, it's been a dream career. Many Australians have felt a twinge of pride at that scene from the movie Rain Man when Dustin Hoffman's character insists to Tom Cruise that the pair can't fly unless they fly Qantas because …

Qantas workers slam Australia's biggest airline: Jobkeeper, EBA, Swissport, Alan Joyce
2 years, 6 months ago

Qantas workers slam Australia's biggest airline: Jobkeeper, EBA, Swissport, Alan Joyce

Daily Mail  

Furious Qantas employees and sacked workers have lifted the lid on what it's like to work for the 'Spirit of Australia' and levelled extraordinary allegations against the airline amid a bitter court battle that could result in a multi-million dollar payout. 'The FAAA ran a scare campaign against the new deal, claiming it would mean redundancies and offshoring, despite the …

Qantas loses appeal on 'illegally' outsourcing jobs, with compensation and penalties awaiting
2 years, 7 months ago

Qantas loses appeal on 'illegally' outsourcing jobs, with compensation and penalties awaiting

ABC  

Qantas has lost its appeal against a Federal Court decision that found the outsourcing of about 2,000 ground crew workers was illegal. Last year, in one of the largest reinstatement cases ever heard, the Federal Court found in favour of the Transport Workers Union against Qantas in challenging the outsourcing of about 2,000 jobs by the airline. "Qantas has always …

Qantas loss remains large even before Sydney lockdown, Flight Centre eyes return to profit
3 years, 3 months ago

Qantas loss remains large even before Sydney lockdown, Flight Centre eyes return to profit

ABC  

Qantas has posted another massive COVID-related loss, but is optimistic international travel will resume before Christmas. Key points: Qantas posts a $1.73 billion loss, slightly down on last year's near-$2 billion loss The airline hopes to resume flights to several key international destinations before Christmas Flight Centre also reported a smaller loss than last year, thanks to the resumption of …

Qantas makes COVID-19 vaccinations mandatory for all of its workers
3 years, 4 months ago

Qantas makes COVID-19 vaccinations mandatory for all of its workers

ABC  

Qantas will make it mandatory for all of its 22,000 workers to be fully vaccinated against COVID-19. Key points: Frontline workers will have until November 15 to get vaccinated, backroom staff until March 31 The airline says more than three-quarters of its staff have already had at least one shot, with 60 per cent fully vaccinated Qantas says three-quarters of …

Qantas loses Transport Workers' Union's ground crew outsourcing challenge in the Federal Court
3 years, 4 months ago

Qantas loses Transport Workers' Union's ground crew outsourcing challenge in the Federal Court

ABC  

The Federal Court has largely found in favour of the Transport Workers Union against Qantas in a case challenging the outsourcing of about 2,000 ground crew jobs by the airline. Key points: The Federal Court has ruled that Qantas's outsourcing of its ground crew work breached the Fair Work Act Justice Lee found the airline failed to prove that its …

Qantas warns staff to brace for standdowns if lockdowns continue
3 years, 5 months ago

Qantas warns staff to brace for standdowns if lockdowns continue

ABC  

Qantas chief executive Alan Joyce has warned staff to brace for the potential of renewed stand downs, as closed borders and lockdowns smash domestic travel. Key points: Mr Joyce says flights are now below 40 per cent of pre-COVID levels Unions are calling for JobKeeper to be reinstated However, the TWU says Qantas has already received at least $2 billion …

International Qantas workers to get government-funded wage subsidy after JobKeeper ends
3 years, 9 months ago

International Qantas workers to get government-funded wage subsidy after JobKeeper ends

ABC  

Qantas workers who usually work on international routes will receive a $500-a-week wage payment well after the JobKeeper scheme ends, under the federal government's controversial $1.2 billion aviation tourism support scheme. Key points: More than 7,000 employees will receive the payment until October More than 7,000 employees will receive the payment until October Virgin will also receive funding to train …

Qantas expects to start international flights in October
3 years, 9 months ago

Qantas expects to start international flights in October

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Qantas Airways does not expect …

Qantas hopes to be flying internationally in October, but analyst warns US, UK may be off limits until 2023
3 years, 9 months ago

Qantas hopes to be flying internationally in October, but analyst warns US, UK may be off limits until 2023

ABC  

Qantas has posted a $1.08 billion half-year loss, following a dramatic $6.9 billion plunge in revenue due to continued travel restrictions. Key points: Qantas is expecting international travel to resume by the end of October once Australia's vaccine rollout is complete The airline is hopeful of achieving 80 per cent of pre-pandemic domestic capacity by the end of June Qantas …

Qantas did not underpay workers by misusing the JobKeeper scheme, Full Federal Court finds
4 years ago

Qantas did not underpay workers by misusing the JobKeeper scheme, Full Federal Court finds

ABC  

Qantas will no longer have to backpay hundreds of workers after the Full Federal Court overturned a recent landmark decision that companies have to pass on the full JobKeeper wage subsidy. Key points: In September, Justice Geoffrey Flick ruled against Qantas' interpretation of the JobKeeper wage subsidy program, ruling the airline had paid workers less than they should have received …

Qantas to outsource more than 2,000 ground crew jobs due to coronavirus pandemic
4 years ago

Qantas to outsource more than 2,000 ground crew jobs due to coronavirus pandemic

ABC  

Qantas is outsourcing more than 2,000 ground staff roles across 10 airports in a bid to lower costs as it faces a financial hit from the coronavirus pandemic. Key points: Qantas is outsourcing more than 2000 roles, after Jetstar already outsourced about 370 jobs These outsourcing cuts come on top of 6000 redundances revealed in June, bringing total job losses …

Unions lose appeal to have Qantas pay sick leave to workers stood down due to coronavirus
4 years ago

Unions lose appeal to have Qantas pay sick leave to workers stood down due to coronavirus

ABC  

A consortium of unions have lost an appeal in the Federal Court to have Qantas pay sick leave to the 25,000 workers who were temporarily stood down due to COVID-19. Key points: Unions representing Qantas workers lost an appeal to have Qantas pay sick and carers leave to staff who had been stood down The justices agreed that allowing workers …

Qantas workers face the axe as COVID-19 grounding of flights opens outsourcing loophole
4 years, 2 months ago

Qantas workers face the axe as COVID-19 grounding of flights opens outsourcing loophole

ABC  

After more than two decades working for Qantas at Sydney Airport, Nick Bennett is waiting for the axe to fall. Key points: Qantas is taking advantage of reduced air traffic during the pandemic to outsource its ground handling operations The move is estimated to save Qantas $100 million per year, plus $80 million in equipment spending The union representing the …

Qantas Slashes 2,500 More Ground Crew Jobs in a Bid to Cut Costs Amid Covid-19 Crisis
4 years, 3 months ago

Qantas Slashes 2,500 More Ground Crew Jobs in a Bid to Cut Costs Amid Covid-19 Crisis

News 18  

Australian flag carrier Qantas on Tuesday announced another 2,500 job cuts as it plans to outsource ground handling services at major airports. Qantas said it is proposing to outsource various ground operations roles, including baggage handlers, aircraft cleaners and bus drivers, impacting nearly 2,500 roles in total, reports Xinhua news agency. The airline has already flagged 6,000 job losses in …

Qantas plans to cut another 2,500 ground crew jobs, on top of 6,000 existing redundancies
4 years, 3 months ago

Qantas plans to cut another 2,500 ground crew jobs, on top of 6,000 existing redundancies

ABC  

Qantas has revealed plans to outsource ground handling at major Australian airports, including Sydney and Melbourne, as well as at larger regional airports. Key points: Qantas says it will save $100 million per year by outsourcing its ground handling work It has received $267 million worth of JobKeeper subsidies to retain its workforce The airline reported a $2 billion full-year …

Qantas records $2b loss as revenue hit by first few months of coronavirus pandemic
4 years, 4 months ago

Qantas records $2b loss as revenue hit by first few months of coronavirus pandemic

ABC  

Qantas has recorded a $2 billion loss, with the coronavirus pandemic slashing its full-year revenue by 21 per cent. Key points: Qantas reports a $1.96 billion loss, down from last year's $840 million profit The airline says 4,000 of 6,000 planned redundancies will be completed by the end of September Qantas still expects international flights to be on hold until …

Australia to stay closed until mid-2021 as Qantas sinks to huge loss
4 years, 4 months ago

Australia to stay closed until mid-2021 as Qantas sinks to huge loss

The Telegraph  

The boss of Qantas is not expecting international travel to and from Australia to restart until mid-2021 after the airline sunk to its first annual loss in six years. Alan Joyce said routes to the US could stay closed for even longer and only open to overseas airlines once a vaccine has been developed and distributed. Qantas sunk to a …

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