QANTAS to ground 8 A380
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Big financial hit for A380 pilots for the next 6 months, with no overtime they will struggle to make more than Shorthaul crew.
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Qantas now has 2,000 surplus crew (crew that it does not need) as a result of the capacity changes. This could be bad news for some over the horizon. Suspect VR's will start, before forced, if they decide not to hold out...
Except EK has 142 A380's. Not so easy compared to 12. That is a lot of crew, and a lot of metal. They will feel a lot of pain - but they'll be fine. No ME government will ever allow their national carrier to collapse. Never going to happen.
EK will just down size their routes to the B777
Except EK has 142 A380's. Not so easy compared to 12. That is a lot of crew, and a lot of metal. They will feel a lot of pain - but they'll be fine. No ME government will ever allow their national carrier to collapse. Never going to happen.
Qantas now has 2,000 surplus crew (crew that it does not need) as a result of the capacity changes. This could be bad news for some over the horizon. Suspect VR's will start, before forced, if they decide not to hold out...
Except EK has 142 A380's. Not so easy compared to 12. That is a lot of crew, and a lot of metal. They will feel a lot of pain - but they'll be fine. No ME government will ever allow their national carrier to collapse. Never going to happen.
Except EK has 142 A380's. Not so easy compared to 12. That is a lot of crew, and a lot of metal. They will feel a lot of pain - but they'll be fine. No ME government will ever allow their national carrier to collapse. Never going to happen.
I think you mean 2000 staff across the entire company, not crew. In fact, according to another thread, SO recruitment is continuing UFN.
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Ha! So you think Virgin will be alright yet qantas is about to start VRs? Interesting.
Yes. I believe VA will make it through. But that has nothing to do with QF and VR's. Why do you link them? VA is still shedding their labour force with the ~700 to be exited by EOFY. VA's capacity reductions are not on the same scale as QF since the business is primarily domestic. QF is dramatically adjusting capacity. They won't hold labour indefinitely. It's not what Qantas does. And yes - thanks TL - I meant to say 2,000 FTE (not specifically cabin/tech crew). QF always offers up VR's first during downturns. We're in one now.
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QF won’t be offering VR as they need to retain as much cash as possible in an environment like this. VR is a long term investment.
Worst case scenario and we don’t see things improve and redundancy becomes necessary then I imagine we would see last in, first out as they would be the cheapest.
Worst case scenario and we don’t see things improve and redundancy becomes necessary then I imagine we would see last in, first out as they would be the cheapest.
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I hope not for the employee's sake - but I will hedge redundancies. They have always done it during every downturn (GFC/SARS/MERS etc.). Not replacing roles, no approvals for recruitment and VR's occurred last time.
VA are holding firm on their guidance given recently. PS was out today with media, and his right, his airline is predominantly domestic. His not seeing such large scale reductions yet on the domestic front. The $75m maximum impact still stands. This is predominantly Chinese domestic related, and what small international network they have related.
Alan has briefed the asx on his reductions. BUT He has not given an update on any financial figure yet. 100m? 200m? 300m?
Alan has briefed the asx on his reductions. BUT He has not given an update on any financial figure yet. 100m? 200m? 300m?
Nemo Me Impune Lacessit
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So who is going to get precedence, Airshows Downunder and their two-yearly show in Feb/Mar 2021 at Avalon or Qantas and their grounded A380s?
Can't see how there would be room for both, unless the A380s are parked on the grass!
Can't see how there would be room for both, unless the A380s are parked on the grass!
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VA are holding firm on their guidance given recently. PS was out today with media, and his right, his airline is predominantly domestic. His not seeing such large scale reductions yet on the domestic front. The $75m maximum impact still stands. This is predominantly Chinese domestic related, and what small international network they have related.
Alan has briefed the asx on his reductions. BUT He has not given an update on any financial figure yet. 100m? 200m? 300m?
Alan has briefed the asx on his reductions. BUT He has not given an update on any financial figure yet. 100m? 200m? 300m?
This will be survival of the fittest, and with $5B plus debt to only $650m equity, VA ain’t looking like Michelle Bridges.