According to global travel data provider OAG (formerly the Official Airline Guide), this week airlines worldwide scheduled about 63% fewer flights to the week a year ago. In Australia, there were about 78% fewer flights.
Qantas’ decision to shed about 6,000 of its 29,000 workers (a further 15,000 have been stood down without pay) is part of its plan to reduce costs by A$15 billion over three years of anticipated “lower activity”.
We have to position ourselves for several years where revenue will be much lower, and that means becoming a smaller airline in the short term.
- ^ announcement (www.smh.com.au)
- ^ OAG (www.oag.com)
- ^ said Qantas chief executive Alan Joyce (www.smh.com.au)
- ^ US Department of Transportation (www.transtats.bts.gov)
- ^ tsunami (edition.cnn.com)
- ^ Once the pandemic is over, we will return to a very different airline industry (theconversation.com)
- ^ Grounded aircraft could make weather forecasts less reliable (theconversation.com)
- ^ Plane cabins are havens for germs. Here's how they can clean up their act (theconversation.com)
Authors: Volodymyr Bilotkach, Associate Professor, Singapore Institute of Technology