Qantas to Raise $1.3 Billion, Cut Jobs, Retire 747 Fleet

By Paul Riegler on 25 June 2020
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A Qantas Airbus A380 in London

Australian flag carrier Qantas said Thursday it will cut some 6,000 jobs and look to raise 1.9 billion Australian dollars ($1.3 billion) amidst the severe downturn in travel due to the coronavirus pandemic.

The reduction accounts for 20% of the airline’s workforce, which totals 29,000 people, and it will impact positions across the board, ranging from inflight to ground crew to corporate.  In addition to the 6,000 positions being eliminated, Qantas will keep 15,000 additional workers on furlough “until flying returns,” it said.

The airline said it is preparing itself for the future with these cuts but believes “it will take years” before international flying returns to pre-2020 levels.

As a result, the airline will continue to mothball most of its long-haul fleet and will retire its six Boeing 747-400 jumbo jets six months ahead of schedule.   Qantas has an all-Boeing fleet of narrow-body 75 737-800s used primarily for domestic flights, while its wide-body fleet includes 12 Airbus A380s, 28 Airbus A330s, and 11 Boeing 787-9 jetliners.

The measures being put into place are expected to help Qantas lower costs by 15 billion Australian dollars over a three-year period, it said.

The airline’s low-cost carrier, Jetstar, will also be affected by the cuts.

(Photo: Accura Media Group)

Accura News

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