PPRuNe Forums - View Single Post - Qantas $1.83 Billion Loss FY20/21
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Old 26th Aug 2021, 12:47
  #19 (permalink)  
DirectAnywhere
 
Join Date: Sep 2003
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Originally Posted by MickG0105
You sound surprised. Add up what I put in my post and you'll get the same number.

As to "bailout" or "handout" as The Oz article calls it, that sort of language is unhelpful as neither term is apt, moreso the former.

As I posted, Qantas received $588 million in JobKeeper for the year and around $30 million from the International Aviation Support Program. So more than half of government payments to Qantas went directly into the hands of employees; somewhat inappropriate to frame that as an out, either bail or hand.

Don't forget that if the employee was still working or taking paid leave, then the employer kept Jobkeeper all for themselves. So, much of that $588 million was in fact retained by the airline.
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