Virgin, Qantas scramble to survive travel changes as bailout talk grows

Another solution could be tweaking its frequent flyer points program by offering hefty point discounts to banks to win more support from the program's financial partners and bring more cash in the door.

Aviation sources say Qantas could imminently announce the grounding of all of its 747s and abandon flights to Santiago and San Francisco. It may also drop its flights to London via Perth and ground 90 per cent of its A330s. Qantas declined to comment. Restructuring experts working at major law firms that specialise in complicated work outs, suggested a restructure could benefit Virgin in the long run, allowing it to be reborn as a domestic travel focused carrier. Such a move would allow Virgin to shed its cost-heavy international business and expensive-to-run passenger lounges.

sdanck EKnightOfficial For the sake of my own job and the jobs of thousands of my coworkers in the industry please let this be true.

sdanck EKnightOfficial Easy. JoshFrydenberg can stop work on the 2nd Sydney airport and re-purpose the funds to keep airlines going.

sdanck EKnightOfficial So many businesses need assistance. We have seen bailouts for the aviation sector before - and in the end the consumer ended up paying for it .

sdanck EKnightOfficial No .... if they get cash, they give equity at an appropriate discount.

sdanck EKnightOfficial What about small business? The cafes and restaurants? the people working in events? The tradies and other small business owner?

sdanck EKnightOfficial There were those rumours swirling around Sydney today.

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Qantas, Virgin reel from coronavirus travel restrictionsThe new policy is expected to spark a flood of cancellations on flights by inbound travellers to Australia and have an impact on the finances of both groups, but particularly Virgin. sdanck If Alan Joyce paid back $24mil of his $25mil salary last year it would help the airlines financials. sdanck Unemployment looms for me... 🥺 sdanck Of course it will cost $$$$$$$$ but there's a basic question: Should people's lives not come before profit? Once we're over this jobs will be reinstated and passengers will fly. The quicker we get a grip on the virus, the quicker life can return to normal. Short term pain etc.
Source: smh - 🏆 6. / 80 Read more »

Qantas, Virgin reel from coronavirus travel restrictionsThe new policy is expected to spark a flood of cancellations on flights by inbound travellers to Australia and have an impact on the finances of both groups, but particularly Virgin. sdanck We really don’t care. All airlines should be shutting down sdanck At the moment Coronavirus carrier’s
Source: smh - 🏆 6. / 80 Read more »

Qantas making new cuts to flying scheduleQantas is making new cuts to its flying schedule beyond those announced last week after Australia and New Zealand imposed tighter travel limits due to the coronavirus pandemic. Nice of them to do this now....2 weeks too late. No doubt raking in millions over the last 2 weeks from “change fee’s” that all other airlines around the world compassionately waived to their citizens. Not good enough if you booked last year then credit will expire if this doesn’t resolve within 6 months.......better to allow refund or longer credit !! Not true, voucher option is not available on the website and no way to get in contact with a representative....
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Qantas, Virgin reel from coronavirus travel restrictionsThe new policy is expected to spark a flood of cancellations on flights by inbound travellers to Australia and have an impact on the finances of both groups, but particularly Virgin. sdanck If Alan Joyce paid back $24mil of his $25mil salary last year it would help the airlines financials. sdanck Unemployment looms for me... 🥺 sdanck Of course it will cost $$$$$$$$ but there's a basic question: Should people's lives not come before profit? Once we're over this jobs will be reinstated and passengers will fly. The quicker we get a grip on the virus, the quicker life can return to normal. Short term pain etc.
Source: smh - 🏆 6. / 80 Read more »

Qantas, Virgin reel from coronavirus travel restrictionsThe new policy is expected to spark a flood of cancellations on flights by inbound travellers to Australia and have an impact on the finances of both groups, but particularly Virgin. sdanck We really don’t care. All airlines should be shutting down sdanck At the moment Coronavirus carrier’s
Source: smh - 🏆 6. / 80 Read more »

Qantas making new cuts to flying scheduleQantas is making new cuts to its flying schedule beyond those announced last week after Australia and New Zealand imposed tighter travel limits due to the coronavirus pandemic. Nice of them to do this now....2 weeks too late. No doubt raking in millions over the last 2 weeks from “change fee’s” that all other airlines around the world compassionately waived to their citizens. Not good enough if you booked last year then credit will expire if this doesn’t resolve within 6 months.......better to allow refund or longer credit !! Not true, voucher option is not available on the website and no way to get in contact with a representative....
Source: 9NewsAUS - 🏆 10. / 72 Read more »