Originally Posted by
Angle of Attack
The amount of time QF could lumber along is not really answered in the annual report as there are too many variables, like how many staff costs will they slash, the last I heard they had around 2 billion in cash. No changes they might last 3-5 months, with massive slash backs and forced LWOP and sackings of casual workers...hmmm maybe a year if they were lucky?
I have first hand news just this morning from a mate who was a contract pilot in China asking to return with a return bonus as well, so I think it’s not a rumour.
Preserving that cash will be important though. It’s a big part of why the airline is valued. They’d rather keep it up their sleeve than pay hundreds of LH pilots LSL out of it for the next 6 months. LWOP will be their goal. Maybe even a bonus or other incentive when times turn around for those who take it now.
And more tangible evidence that China’s lockdown worked.