Qantas stand down 20,000 employees till end of May
 

https://www.qantasnewsroom.com.au/me...-network-cuts/

Ouch. Thoughts to all.

Not entirely correct, approx 20,000.

Apologies...still very bad. Mods please edit title.

How do contractors/qlink etc figure in all this?

That’s brutal. What’s the actual effect upon the pilot group. Does anyone know? I thought we had just copped it at VA (every one gets 7 days LWOP next roster and then we are all part time 50% after that) probably more to come with us then. We all realise over the years we’ve all had a ‘friendly rivalry’ amongst the different airlines at all levels whether GA, regional, domestic or international but I hope everyone looks out for everyone else at this time. I have mates, probably just like all of you, in Tiger, Jetstar, Qantas, Cathay, Brunei, the list goes on. This sort of thing can drive people into deep dark places. Again, just keep in touch and look out for each other.

^wot he said. Good luck everybody.

I really hope I am wrong but I fear this is only the beginning.

Only a coordinated world response will save us from a depression I fear.

And note the announcement says until “at least” the end of May 2020.

Sadly we have seen how well the world can coordinate a response to a crisis. If only the world had not been reluctant to offend China and to “put economies at risk”, we might not be facing this situation.

It has already started...I was 'downsized ' this week in the UK . Shame the government help will be too late for many in our profession.

I couldn’t agree with this more. Everyone will have different issues over the following months, my biggest concern is medium term job prospects, others will be highly mortgaged with many mouths to feed, we will all have something to offer someone struggling even if it’s only an ear.

Speaking with others outside the industry and they all seem to think it’s going to be ops normal for them, I’ve been trying to suggest to them that Aviaton has been hit first but it won’t only be us that’s affected.

I wonder what the rumoured “ unprecedented “ announcement President Trump is going to make on April 1 that will remain in place until April 10th and how it will effect the rest of the World’s global market ?

That’s it for the remaining 747’s. They’ll never fly again.

This! ^ ditto

What about the cargo flights using pax aircraft?

“Only a coordinated world response will save us from a depression I fear.”

Indeed although even a coordinated response probably won’t prevent it.

Corona is the pin that pricked the global bubble and I hope our respective governments and central bankers don’t get away blameless for the poor economic decisions they have been getting accustomed to making.

I have many good mates in QF, I hope things pan out for the best for all of us when the dust settles.

Fingers crossed.

Yeah good one mate, not the time for April fools rubbish

There will be a depression, the magnitude of which will depend on how long this goes on for. The aftermath will be similar to that experienced after a world war. Businesses will go broke and there will be personal bankrupcies. The USA and most western countries are up to their eyes in debt and lack the reserves required to fund a bailout.

However, similar to the recovery from a war, there will be opportunities for those in a position to take advantage of them. Construction companies and their suppliers had a field day rebuilding destroyed cities when WW2 ended for example. There will pent up demand in some sectors which will need to be met and a business strong enough to get through the current situation could be doing very well if most of their competition has gone to the wall.

Overall though, we are facing years of austerity as a result of this. Those close to retirement who have seen a massive drop in the value of their investmnents and now don't have time to wait for a recovery before stopping work will be particularly affected.

Exactly....