Originally Posted by
Ragnor
What is the real number of redundancies here? I think 250 is well short. JQ have already threaten of mass lay offs Given a quoted email from the union which will happen even if the new EBA is signed end of July. QF surely will have to make more cuts to its international and domestic 737 crew.
Now that VA have very deep pockets with Bain I would think they will come out smaller but stronger than QF
I didn’t see any such email, unless you’re referring to the NZ operation communication regarding stand down provisions being included into their agreement.
So far the JQ pilot redundancies are around half a dozen F/Os from NZ and none from Australia. PER and NTL closing but those aircraft being redeployed to MEL & BNE.
Yes, Virgin will now have deep pockets, but they will likely be a more rational competitor with Bain steering them to a mid market carrier. In the Aus domestic market we already have Tiger gone, VA reducing to 40-50 737s, VA A330s gone.
My reading of the situation is that most of the shrinking of the domestic market will be absorbed by a downsized Virgin, and QF group should return to a similiar capacity of 2019 by mid 2021. But that’s only my opinion, I could be wrong.