Australia's Qantas is cutting 6,000 staff and grounding 100 planes for at least a year in a US$10 billion cost-cutting blitz in response to the ...
"This year was supposed to be one of celebration for Qantas. It's our centenary," Joyce said in a statement.The coronavirus pandemic had already forced Qantas to cancel nearly all its international flights until at least October and slash domestic routes.While domestic travel is beginning to pick up as most Australian regions have successfully contained the epidemic, the country's international borders are expected to remain closed to most passenger traffic until next year.
In addition to the AUD$15 billion in cost-cutting, the plan includes raising up to AUD$1.9 billion in equity.
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