I would almost agree, QF will be using this opportunity to cut future operating cost in all parts of the business.

The Jobkeeper subsidy was brought in on projections for a six month lockdown.

The rapid reduction in COVID cases has far exceeded the early projections of a hibernation until September.

With most businesses expected to operate now at the three month point, the overspend could well be stopped earlier than six months.

You clearly do NOT know the trans-Tasman market. Air NZ are standing down their B777 fleet until LH picks up, once they have done the various repatriation and freight trips. The B777's also did the ULH to IAH, it and the proposed JFK are gone for some time.

The B787 and the A321 neos will do Trans-Tasman; not many Kiwi's have a need, nor desire to go to Darwin direct. The key trunk routes between AKL and MEL, SYD and BNE will continue, and if anything the smaller aircraft will allow greater flexibility for travellers. The WLG and CHC flights to Australia will also pick up and the QK B737's and Air NZ's 320's will be a good fit for that.

Cairns was only a couple of times per week pre Covid (as was OOL and Sunshine Coast), so can't see the frequencies being increased there.

I think there will be a gentleman's agreement to help each other out

Some good posts in here regarding freight. Qantas has the upper hand over VA without doubt. It certainly will be an area that the QF top tier will be exploring as to whether they can increase volume with new or expanded contracts. Now it’s not passenger uplift and it doesn’t keep all the flight crews and cabin crews employed, but if QF was able to source more freight it will at least keep the sheckles coming in, perhaps long enough to see the company through the worst of COVID. It really is times like these that a company needs to be innovative and look at areas or ideas that perhaps it hasn’t looked at in the past? VA don’t have a fallback source of income in their structure hence the fast demise of their financial viability.

I don't know how many times it has to be said but the NZ Government own 52% of Air NZ. It does not own the whole airline.

4 weeks to Hawaii
 

Its all good. Jetstar is now taking your money for flights to HNL from June. Please book now and pay in advance. Pay in Advance. Please pay now and keep us afloat. False hope but give us the cash


https://cimg4.ibsrv.net/gimg/pprune....d8db47728c.png

As others have said, I doubt QF is anywhere near VA. All those buybacks mean a capital raising would be a reasonable outcome if debt repayment issues arose.

However, the delayed 3rd quarter update may have a few surprises. It is after all a report on JAN-MAR but all eyes and ears will be on QF’s strategic response. One can speculate that the reason for the delay is restructure planning. After the tremendous expense the isolation measures have caused, the Australian government is not going to open the border to countries with widespread cases. Obviously, that rules out USA, Asia and Europe for quite a while. With Jobkeeper ending in September and more businesses open again in Australia it is an ideal time to reduce headcount in the Death Star. Likewise, the requirement for operational staff is reduced for the next 12 months at least. Fortunately, the stood down provisions and flexibility in the new EA’s should allow the pain to be shared. I hope so.

The problem with this is what?? JQ also have a full domestic schedule for sale June 1st. How else are they to gauge demand if they don't sell tickets?
Virgin are selling international flights via code share with Delta from June 2nd, Pay in Advance. Please pay now and keep us afloat. False hope but give us the cash
Qantas are selling international flights from June 1st cheaper than Virgin. Pay in Advance. Please pay now and keep us afloat. False hope but give us the cash

Any truth in the rumour QF are talking to KordaMentha now with regards to restructuring advice? I heard it from an internal QF mate yesterday not hearsay .

“I heard it from an internal QF mate yesterday” - what is your definition of hearsay?

Not pulling it out of my A..

That sort of discussion is an ongoing theme for any large business. COVID would be right up there in discussions at the moment, but it would be naive to think they aren’t always looking for ways to restructure.

I wish Qantas all the best. I hope they survive on their own merits. They are not a national carrier any more though. I hope they get the same consideration that the Federal Government gave to Virgin. it would be quite hyprocritical of Joyce to ask for a government handout after throwing such a tantrum over sugestions that the opposition was going to get one.

Not really, Virgin is a loss making business, Qantas makes money I wouldn't have a problem the government loaning money to QF. After all it is making a profit and they could pay it back.

Well allow me to retort
Air NZ are owned 52% by the government plus 900million Which odds on will become equity plus whatever else they need and will get in the near future....Are you really suggesting they are not effectively owned by the government now? Maybe we compromise on majority share holder plus some?
But line of the day is definitely gentleman’s agreement on the trans Tasman, the only funnier thing I’ve seen recently is the Virgin downfall video.
As for not knowing the Tasman, maybe SO, Only been flying over it for 25 years now. 777 or 787 we will see, but who cares? What was said last week will change next week anyway. Where else are the 777s going in the next two years? Sure Kiwis in the past may not have gone to Darwin direct but if you only have one other island you can travel to and lots of aircraft maybe you might give it a crack in something of an appropriate size.
Correction Ragnor, Qantas used to make money.

hmmmm.
also you:

QANTAS will never go into administration.
They have the world’s best CEO, survival of the fittest, blah, blah, blah..........

The $900M is a loan made available IF required. The company, very much to it's credit, has not yet drawn on it.

However it is election year here and already NZ First are murmuring about re-nationalising Air NZ.

SHVC wrote:

The cloak of Covid 19 has provided many businesses with an unscheduled restructuring opportunity and from what I am seeing, many are using the opportunity to reset terms and conditions.

If Qantas wanted to reset T&C they wouldn't have pushed ahead with the most recent EBA, which once voted up by the pilots, Qantas then submitted to fair work. The agreement was then approved only 2 weeks ago.

They actually are. When the government needs help they always flock to Qantas. It's majority Australian owned, and believe it or not they actually make money.