Qantas Sees International Service Grounded until July 2021 | Aviation International News

Qantas Sees International Service Grounded until July 2021

Australia’s flag carrier witnessed a A$4 billion drop in revenue during its fiscal half ending June 30.

Qantas will likely not press its Boeing 787s into international service until the middle of next year. (Photo: Qantas)

By Gregory Polek • Senior Editor

August 20, 2020

Qantas expects the majority of its international capacity to remain grounded until the middle of next year as the airline grapples with persisting border restrictions and quarantine requirements due to Covid-19, Qantas Group CEO Alan Joyce said during the company’s year-end earnings webcast for fiscal year 2020. The projection came as the company reported a A$4 billion ($2.9 billion) drop in revenue during the second half of its fiscal year ending on June 30, and a A$2.7 billion loss before tax for the entire year, due mostly to a A$1.4 billion non-cash write-down of assets including the A380 fleet and A$642 million in one-off redundancy and other costs as part of restructuring the business for recovery. Still, the company managed to register an underlying profit for the fiscal year of A$124 million, amounting to a 91 percent decline from the previous year.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

Airlines Confront Ongoing Impact of Middle East Conflict

High fuel costs and extended route disruption could force longer-term changes

Emirates Airline

Skyhop Plans Island Routes With Noemi's Electric Seaplane

Agreement between start-ups could lead to orders for up to 15 aircraft

Skyhop Aviation and Noemi Aerospace leaders

A220’s Performance Drives BermudAir’s Fleet Growth

Airline plans to gradually replace its Embraer E-Jet fleet

BermudAir Airbus A220

Air India Backs SkyDrive Emergency Medical eVTOL Plans

Partners say eVTOLs could accelerate response times in crowded Indian cities

SkyDrive plans eVTOL medical flights in India

Airbus Balances Shareholder Returns and New Aircraft

Rival Boeing arguably claimed bragging rights at the Farnborough International show

Airbus A350-1000

Virgin Firms Up eVTOL Air Taxi Alliance with Joby

Connections to London Heathrow and Manchester airports will start first

Joby eVTOL route network

ATR Chases New Regional Markets for Twin Turboprops

Iran war and wider geopolitical pressure stall buying decisions

ATR 42-600 in Papua New Guinea

Embraer Racks Up E-Jet Orders at Farnborough

30 firm orders led by Abra

Embraer