Qantas to announce new cuts by weekend

Original article by Lucas Baird
The Australian Financial Review – Page: 15 : 17-Mar-20

Qantas has advised that the new quarantine rules for people travelling to Australia and New Zealand will force it to further reduce capacity on some routes. The airline recently cut capacity on domestic and international routes by five per cent and 23 per cent respectively in response to falling demand for air travel due to the coronavirus. A spokesman for Virgin Australia says the airline is still assessing its response to the new travel restrictions, while Air New Zealand has flagged redundancies and a looming 85 per reduction in international capacity.

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AIR NEW ZEALAND LIMITED – ASX AIZ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s