Qantas international passenger flights, March 01: Qantas, an Australian carrier has recently reported US$5.5 billion sinkings in its revenue during the second half of the 2020 year. Revealing the statistics, the air carrier revealed that the international passenger flights will not be resuming until October as the pandemic has managed to completely devastate the industry.
Qantas is the country’s biggest airline. It said that is has suffered an ‘underlying loss’ of A$ 1.1 billion in the 6 months time period as to December 31 while their statutory losses climbed to A$1.5 billion.
Joyce also claimed that the airlines have pushed back the expected resumption of international passenger flights from July till the end of October but he also said, “the cost of keeping those planes on the ground was largely being offset by increased freight operations.”
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Talking about the scenario, Qantas CEO Alan Joyce quoted, “These figures are stark, but they won’t come as a surprise. A year ago, none of us knew just how big an impact COVID-19 would have on the world, or on aviation. It’s clearly worse than anyone expected. Border closures meant we lost virtually 100 per cent of our international flying and 70 per cent of our domestic flying – three-quarters of our revenue, around A$7 billion, went with it.”
He further continued, “That is a massive number, probably a bigger number than any other company in Australia is experiencing because of COVID-19.”
