Originally Posted by
ozbiggles
Really? OK, QANTAS are just clearing the decks of the staff so they can replace them with cheaper contract staff when the international borders open. Never waste a crisis.
Virgin got rid of thousands, they are getting a couple of hundred back with fair work giving every indication they would be OK with them going back to award if they don't give the company what it wants.
And if I was going to back a company to be bailed out by the Feds, it wouldn't be Virgin.
Plus Qantas has an international network. You simply can't have International CC sitting around on the payroll until 2022 with no income coming in the door due to no flying happening. They own all the 787s but other aircraft that are used for International are encumbered and parked. Qantas has billions in the bank, a largely unencumbered fleet and a rotating credit facility at very low interest rates.
They are not in pain, they will be fine. As someone else noted, VA got rid of half their workforce and are now re-employing about 200.