Qantas idles 2,500 more staff as Covid-19 cuts domestic flights

fresh Covid-19 restrictions in Australia

The affected domestic employees will receive government-backed support payments of A$750 (S$747) a week.

(REUTERS) – Qantas Airways is temporarily idling about 2,500 employees without pay for at least two months in a bid to cope with fresh Covid-19 restrictions in Australia slashing domestic travel demand.

The decision will directly impact domestic pilots, cabin crew and airport workers, mostly in New South Wales, the airline said on Tuesday, adding that no job losses were expected from the move.

Qantas said it had gone from operating almost 100 per cent of its pre-Covid-19 domestic flying capacity in May to less than 40 per cent last month due to lockdowns meant to curb the rapid spread of the Delta variant of the coronavirus.

The country’s most populous city, Sydney, has been hit particularly hard by infections and will remain in lockdown for at least another three-and-a-half weeks amid a drive to get the population vaccinated against Covid-19 as quickly as possible.

“Based on current case numbers it is reasonable to assume that Sydney borders will be closed for at least another two months,” Qantas chief executive Alan Joyce told reporters.

The affected domestic employees, who will join 6,000 colleagues furloughed in its international division due to border closures, will receive government-backed support payments of A$750 (S$747) a week.

Qantas has around 22,000 employees in all.

The airline said it is aiming for domestic flying levels to improve to around 50 per cent to 60 per cent of normal levels within a few weeks as some states reopen borders after exiting lockdowns that contained small outbreaks.

Qantas will not hibernate any of its domestic planes because it wants to be able to ramp up quickly as demand returns, with a goal of topping 100 per cent of pre-Covid-19 capacity by Christmas, Mr Joyce said.

Its international fleet has been grounded since March last year.

The airline currently has many international flights on sale from late December, but Mr Joyce said the status of those plans would depend on Australia’s vaccination rate.

The government set a target last week for 80 per cent of adults to be fully vaccinated for a calibrated reopening of its international borders. Only around 18 per cent are fully vaccinated currently.

News Related

OTHER NEWS

UK may review its new COVID travel policy for India: Sources

(Representative image) The UK’s decision to treat fully vaccinated people arriving from India as ‘unvaccinated’, may be reviewed. Sources within the government told Moneycontrol that the matter will have to be reconsidered ... Read more »

Crude oil price tumbles 2% on selloff in commodity and equities; Brent trades below $75/bbl

Crude oil prices slid below Rs 5,200 per barrel on September 20 on appreciating dollar, the selloff in equity markets and commodities, production normalising in the Gulf of Mexico, and ... Read more »

India to resume exports of surplus COVID-19 vaccines from October under Vaccine Maitri programme

Representative image. The Union Minister of Health and Family Welfare Mansukh Mandaviya on September 20 said the government will resume exports of COVID-19 vaccine under the Vaccine Maitri initiative from ... Read more »

Skoda Kushaq bookings cross 10,000 units, new features added

Cumulative bookings for the Skoda Kushaq have crossed 10,000 units since its launch in late June making the SUV one of the most successful models from the Czech brand in ... Read more »

World shares at one-month low, default fears stalk China Evergrande

Source: Reuters World shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, while debt troubles at property group China Evergrande dragged ... Read more »

Dow futures tumble more than 600 points as September slide intensifies

The Dow has so far turned in three straight weeks of losses for the first time since September 2020. Read more »

CVS Health to hire 25,000 ahead of flu season, COVID-19 booster roll out

CVS Health Corp said on Monday it would fill as many as 25,000 clinical and retail jobs ahead of the flu season and as the United States prepares to administer ... Read more »

PNB earns Rs 170 crore in FY21 by levying charges on non-maintenance of minimum balance: RTI

State-owned Punjab National Bank (PNB) collected nearly Rs 170 crore by levying charges on customers for not maintaining the required minimum balance in their accounts during 2020-21, according to RTI ... Read more »

More permanent jobs and 100 euros extra for all workers, FNV demands

Not only a pay rise, but also “a lot more” permanent jobs. That is the FNV trade union’s commitment to next year’s collective labor agreement negotiations. FNV wants an end ... Read more »

Gas prices in Europe surpass $900 per 1,000 cubic meters

Later, the price of October futures on the TTF hub in the Netherlands dropped to $881 per 1,000 cubic meters Read more »

Armenia, Russia achieve positive trade turnover dynamics, says ministry

Russian Deputy Economic Development Minister Dmitry Volvach noted that Russian deliveries of fuel and energy goods, transport vehicles, food, agricultural stock, chemical products to Armenia and supplies from Armenia to Russia had gone up Read more »

Energy crisis: 'No interruption' to supplies - Octopus Energy CEO

Octopus Energy boss Greg Jackson reassured consumers there would be no interruption to energy supplies amid the current crisis and said the price cap would help protect people if suppliers go bust. Read more »

Gainers & Losers: 10 stocks that moved most on September 20

Benchmark indices ended lower for the second consecutive session on September 20 dragged by the metal and banking names. At close, the Sensex was down 524.96 points or 0.89% at ... Read more »

Markolines Traffic Controls IPO: Offer subscribed 2 times on the final day

Highway operations and maintenance services provider Markolines Traffic Controls’ initial public offering (IPO) was subscribed two times on September 20, the final day of bidding. Investors bid for 1,05,31,200 equity ... Read more »

Moneycontrol Pro Panorama | Government needs to iron out GST wrinkles

FM Nirmala SItharaman Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a ... Read more »

Taking Stock: Sensex, Nifty end lower on weak global cues; metals worst hit

Indian benchmark indices flashed red for the second consecutive session on September 20, pulled down by the metal stocks as investors remained cautious ahead of multiple central bank meetings scheduled ... Read more »

Yes Bank partners Visa to issue line of nine credit card variants

Yes Bank (File image) Yes Bank has announced its partnership with Visa as a payment processor to offer its customers credit cards and enhance payments efficiency. The partnership has nine ... Read more »

Silver prices flat at Rs 60,000/kg after last week selloff; bias remains weak

Silver Silver prices were steady near Rs 60,000 a kg on September 20 on dollar uptick, subdued gold and weakness in industrial metals. The precious metal had tanked 5.66 percent ... Read more »

CAIT demands CBI inquiry into Amazon bribery allegation

The investigation is being done following a whistleblower complaint alleging that money paid for legal fees was funneled into bribes by Amazon’s legal representatives. The Confederation of All India Traders ... Read more »

Rupee slumps 26 paise to close at 73.74 against US dollar

Representative image The Indian rupee fell by 26 paise to close at 73.74 (provisional) against the US dollar on Monday, tracking a strong American currency in the overseas market and ... Read more »

PayPal completes rollout of cryptocurrency offering in UK

The roll-out in UK is the first international expansion of PayPal’s cryptocurrencies services outside of the United States. (Source: Reuters) Nearly a month after PayPal announced that it will expand ... Read more »

Mainland Chinese firms likely to need another 4 million sq ft in office space in Hong Kong, Colliers says

Mainland Chinese companies are likely to require an additional 4 million sq ft of office space in Hong Kong by 2025, according to Colliers. Estimates based on a report published ... Read more »

Small energy suppliers lambast regulator Ofgem over industry crisis

Fifteen suppliers, which on Monday signed a letter to the prime minister, accuse Ofgem of being “unfit” to regulate the sector amid expectations of further imminent collapses, Sky News can reveal. Read more »

These underdog cryptocurrencies surged upto 450% in last 24 hours

While popular cryptocurrencies like Bitcoin and Ethereum have kept the limelight even the market is in red. However, some underdog tokens have been the biggest gainers in the last 24 ... Read more »

Energy boss: It's 'crunch time' for many small providers

Read more »

Energy price crisis: What can I do to shield my family from surging bills?

The price of energy is going through the roof as winter looms, with price comparison sites even admitting the industry regulator's cap on standard variable tariffs could currently offer the best shelter for those not already protected through fixed-price contracts. Read more »

Take a look at how Top 5 cryptocurrencies have performed since April

Cardano (Representative image) Cryptocurrencies continue to be volatile, with wild swings amid rising popularity and regulatory uncertainty in India. Here’s how the five top cryptocurrencies have performed in the last five-and-a-half ... Read more »

Looneis FNV: all employees €100 per month

Traditionally, FNV announces the commitment for the upcoming collective labor agreement negotiations one day before Budget Day. This year it introduced a wage requirement of 5% in sectors where things ... Read more »

Expo 2020 Will Set Up A Tough Benchmark To Future Global Shows

As curtains go up in Dubai for the much-awaited Expo 2020 in a few days, the mega event, indisputably, would set a new model and benchmark for other global events ... Read more »

China debt concerns mounting as Beijing shifts attention to hidden local government financing

Concerns are mounting over how local governments in China will pay back so-called hidden debts raised through self-issued bonds, especially as Beijing is increasing controls to prevent a meltdown in ... Read more »

America's Cup defence campaign: Mark Dunphy sees $40m shortfall part filled by more Government cash

Mark Dunphy has promised to put up $20 million of his own money to keep the next America’s Cup in New Zealand, but still sees a $40m shortfall which may ... Read more »

France's high-speed trains get an eco-makeover

French President Emmanuel Macron on Friday unveiled a mock-up of the next generation of greener, super-high-speed trains, known in France as TGVs — four decades after the first TGV was ... Read more »

Focus: NZ Delta outbreak | Level 4 has been a 'nightmare' for small businesses

Auckland small businesses like Dough Boys bakery can't wait for the drop down alert levels. Video / NZ Herald Read more »

Covid-19 Delta outbreak: Business groups welcome Level 3 in Auckland

Business leaders are welcoming news that Auckland will drop down an alert level midnight Tuesday, although firms want to see more flexibility and continued financial support. “It will be a ... Read more »

Thailand lifts debt-to-GDP cap to 70% to aid economy rebuild

Finance Minister Arkhom Termpittayapaisith (Parliament photo) Thailand will raise its public debt ceiling to accommodate higher borrowing and spending to help support the economic recovery from the pandemic. The limit ... Read more »

Why did the Sansera Engineering IPO get strong subscription from QIBs?

Sansera Engineering’s initial public offering during September 14-16 was subscribed 11.47 times, with the portion reserved for qualified institutional buyers subscribed 26.47 times. The portion set aside for non-institutional investors ... Read more »

Bigbloc Construction share price rises 6% on partnership with SCG International Corporation

Bigbloc Construction share price rose over 6 percent intraday on September 20 after the company partnered with SCG International Corporation. Bigbloc Construction and SCG International Corporation announced the signing of ... Read more »

Natural gas futures fall for third day on long unwinding, weak global cues

Natural gas futures edged lower for the third day on September 20 due to the long unwinding of positions by participants after a sharp rally in the last few days. ... Read more »