In a rapidly changing global travel landscape, Australian airline Qantas has reduced flights significantly both internationally and domestically. Almost 25 percent of the international flights have been slashed.
Twelve of the fleet of 10 A380s will be grounded until mid-September.
Qantas CEO Alan Joyce has today announced he will not receive a salary for the rest of the 2020 financial year, and his management team have taken a pay cut of 30%.
Qantas is asking staff at both Qantas and Jetstar to take both paid and unpaid leave.
Qantas CEO Alan Joyce is acting swiftly in the face of the coronavirus global outbreak, which is seeing leisure travel almost come to a halt, and overall travel bookings rapidly reduce.
This is the third round of cuts the airline has announced in just 3 weeks.
Hundreds of global companies have stopped all non-essential travel, so even in the commercial arena, passenger numbers are way down across all airlines globally.
Joyce has warned other airlines may collapse. He has also said he expects the global impact of the virus to slash $150 million from Qantas profits this year.
Qantas has twelve A380s in the fleet, and each one seats 485 people, numbers which just aren’t there in the current economical climate.
At any one time at least 10 of the planes are usually in operation servicing the major routes into America and Europe.
Meanwhile in Australia, Flight Centre has reportedly also asked many staff to reduce their number of working days from 5 to 4 as holiday bookings plummet and are cancelled.
There are also indications other travel companies are about to do the same as numbers dwindle rapidly.
Change fees will be waved for any Qantas international bookings changed before the end of March.