Originally Posted by
krismiler
The major difference is that Qantas is well run and profitable in normal times whereas Virgin have lost an average of $215 million a year for the last ten years. Any bailout without a significant restructuring is likely to see the losses continue.
You’d have to say a significant restructure has and is going on. The 750 redundancies announced last year represented about 7.5% reduction in (mostly) head office staff.
You now have had 200 odd Tiger pilots been made redundant, as well as TT cabin crew from Sydney and Brisbane as the whole TT operation is to be brought on to VA AOC. This will drive further efficiencies and I would envisage more possible job losses from TT head office in ML.
And finally you have had the whole NZ operation, 200 pilots as well as the entire VANZ cabin crew and AKL and CHC based office staff are gone too. Again, the international short haul network when it eventually returns is to be crewed and flown from Australia.
These are all big changes and what I would consider significant restructuring. If VA come out the other side of this, they will be a lot leaner operation.