Originally Posted by
ruprecht
My point is that once jobkeeper ends there will be an extra cash drain on the the airlines as some employees start using their leave. I’m unclear whether the airlines have factored this into their cash reserve calculations.
The language and tone from the Feds around support for specific industries such as tourism and aviation is starting to soften. Frydenburg was interviewed on AM this morning. Given his language, you’d expect to see economy wide measures such as Jobkeeper end but a new package of support for specific industries only (that can’t be called Jobkeeper but would be materially similar) announced in the next few weeks.
Start about 4 mins in. Sabra Lane mentions aviation specifically, Frydenburg discusses QF cancelling 1500 inbound flights to QLD in January and goes on to say specific industry measures are under consideration now. In other words, I think, DON’T PANIC.
https://www.abc.net.au/radio/adelaid...am/am/13133946