Business
Qantas flags $2b loss, pushes for international travel late this year – Sydney Morning Herald
Qantas announces a new round of voluntary redundancies and says it estimates the pandemic will have cost it $16 billion in lost revenue by the middle of this year….
Around 16,000 of the companys 22,000 remaining staff were back at work following mass stand downs last year. The company said it would impose a two-year wage freeze on staff.
Qantas said that the pandemic will have cost it $16 billion in lost revenue by the middle of this year, but that its finances were buoyed by the strong recovery in domestic travel with revenue in the June half expected to be double that in the December half.
Qantass domestic capacity would be 7 per cent above pre-COVID levels…
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