Qantas to suspend international flights from late March
Australia's national airline Qantas plans to suspend all international flights from the end of March in response to the travel restrictions imposed by the Australian government to contain the spread of the coronavirus.
Qantas yesterday had already announced cuts to 90pc of international flights and about 60pc of its domestic services. With Canberra now recommending against all overseas travel from Australia, regularly scheduled international flights will continue until late March to assist with repatriation and will then be suspended until at least the end of May, Qantas said. Essential domestic, regional and freight connections will be maintained as much as possible, it said.
Qantas and its budget affiliate Jetstar will stand down the majority of their 30,000 employees until at least the end of May.
Virgin Australia yesterday suspended all international flights from 30 March to 14 June.
Qantas gave no update on its forecast fuel costs for the 2019-20 fiscal year to 30 June following the latest cuts. Qantas on 10 March said the sharp fall in oil prices and the knock-on effect on jet fuel prices, as well as lower consumption, would result in total fuel costs of A$3.74bn ($2.09bn) in 2019-20 against its A$3.85bn projection made on 20 February
By Kevin Morrison
source: Argus Media
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
