Novel coronavirus pneumonia (Qantas) announced that in the 2020 fiscal year,
was losing 1 billion 960 million Australian dollars (about 9 billion 853 million yuan), and Australia’s aviation revenue reached 840 million Australian dollars (about 4 billion 217 million yuan) in the last fiscal year. Alain Joyce, chief executive officer of Qantas, said that this was the biggest dilemma for Qantas in the past 100 years since its establishment, and the first loss in nearly six years.
was affected by novel coronavirus pneumonia, and Australia Airlines said in June that it would cut 6000 jobs and the company’s 747 passenger aircraft was also decommissioned. At present, most of the international flights of the company are in the state of suspension, which is equivalent to about 20% of the domestic flights. The novel coronavirus pneumonia reported that according to CCTV news reports, 20, the largest airline in Australia, Qantas announced 2020 fiscal year. The company suffered a 1 billion 960 million Australian dollar loss of 9 billion 853 million yuan due to the attack of the new crown pneumonia epidemic.
Alain Joyce, chief executive officer of Qantas, said that this was the biggest dilemma for Qantas in its 100 year history.
was affected by novel coronavirus pneumonia, and Australia Airlines said in June that it would cut 6000 jobs and the company’s 747 passenger aircraft was also decommissioned. At present, most of the company’s international flights are suspended, and the capacity of domestic flights is only about 20% of that before the outbreak. < p > < p > Qantas profits fell 82% between April and June this year. Chief executive Alan Joyce said the company’s operations were once again in trouble as the outbreak rebounded in Australia and many States introduced travel restrictions again. Joyce also said that travel is an urgent desire of many people, as long as the travel restrictions are lifted, the company’s situation will be improved. However, according to the current situation of the epidemic situation, it is expected that the fastest international travel between Qantas and New Zealand will be in June next year. According to the China Foundation news, revenue of Qantas dropped by 20.6% to a $14.257 billion in fiscal year 2020, of which, affected by the epidemic, revenue from April to June this year decreased by 82%. The company’s announcement also said that in the year ending June 30, 2020, the group completed RMB 443 million of OTC share repurchase. The group purchased 79.7 million issued common shares at a discount of 5.56 yuan (market price of 6.47 yuan, calculated at a 14% discount on repurchase). < / P > < p > in February 2020, the Group paid a dividend of a $13.5 per share and an over-the-counter share buyback of up to a $150 million. The over-the-counter stock buyback plan was cancelled in March 2020, followed by the cancellation of the over-the-counter dividend plan in June 2020. On the day of Qantas’ financial report, Qantas shares started to stabilize after a low opening, rising 3.72% to close at a $3.9. Although Qantas’ share price rose slightly, 79.7 million shares bought back at a $556 in the first half of this year have recorded a Book loss of a $130 million. According to the China Foundation news, in March this year, due to the spread of the epidemic, the Australian government imposed a ban on all international visitors. Only Australian citizens, permanent residents and their close relatives can enter the country, and Australian citizens are not allowed to leave the country. As the international epidemic situation is becoming more and more severe, Australian Prime Minister Morrison said in August that such border closure measures would be implemented at least “in a few months” in the future. This means that Australia will probably not open its borders until 2021. It is understood that at the beginning of the epidemic, Qantas announced that it would suspend international flights until the end of July; in June, because the epidemic situation was not stable, Qantas announced that it would extend the suspension measures to the end of October; in July, due to the repeated epidemic situation, Qantas announced again that the decision to suspend flights would be postponed to the end of March next year. According to the financial report of Qantas in 2019, the company’s international routes are worth 100 million yuan). In other words, the stagnation of international routes is equivalent to reducing Qantas’ revenue by half. At the same time, according to foreign media reports on August 20, Australian air transport capacity is only 1% to 2% of that before the outbreak. < / P > < p > in the case of serious losses, Qantas had to start “self-help”. In June, Qantas announced plans to lay off 6000 employees. At present, the company still has 20000 people waiting for jobs at home. Second, 100 passenger planes will be grounded in the coming year. These initiatives are said to save $10 billion. At the same time, Qantas is also striving to open up new sources. According to foreign media on August 16, although the resumption of international flights is far away, Australia Airlines has come up with an idea of “Antarctic sightseeing flight”. That is to take Australian passengers to the south pole for sightseeing, but the plane will not land in the south pole, but fly back to Australia after a circle. In addition, Qantas also launched the “Care Pack” sales business, selling a “Care Pack” containing business class pajamas, Tim Tam biscuits and extra comfort kits for a $25 (about RMB 124) to clear excess inventory and raise much-needed cash. < / P > < p > in launching the “Care Pack”, Qantas said that these packages would be the perfect gift for friends and family living under blockade during the outbreak. < p > < p > according to a securities times report earlier, the aviation industry suffered heavy losses due to the collapse of air travel demand and border restrictions caused by the epidemic. At the beginning of June, the International Air Transport Association predicted that the global aviation industry would lose 84.3 billion US dollars in 2020, and aviation enterprises have become “frequent customers” of bankruptcy court. As world air traffic drops to one-third of the level before the outbreak, global losses could be as high as billions of dollars. < / P > < p > since the outbreak of the new crown disease, 23 airlines around the world have closed down, including Deccan airlines of India, Georgia airlines of Canada, Alitalia airlines, Atlas global airlines of Turkey, Columbia airlines of Peru, American compass airlines, Ernest airlines of Italy, freiber airlines of the United Kingdom and Argentina LATAM airlines, eurowell Airlines Austria, Miami International Airlines, cool bird airlines of Thailand, one of Chile Airlines, Lafayette airlines, South African Airlines, sun express, Ecuador national airlines, tiger Airlines Australia, US interstate airlines and virgin Australia Airlines, etc. < / P > < p > even if they are not bankrupt, the remaining big airlines are struggling. Recently, British Airways, Lufthansa, Emirates and Qantas have announced plans for thousands of layoffs and unpaid leave. < p > < p > US airlines and Southwest Airlines both suffered quarterly losses on Thursday. In the second quarter, the revenue of the two Texas based Airlines fell sharply. The revenue of American Airlines in the second quarter dropped by more than 86%, from nearly $12 billion in the same period last year to $1.6 billion; the revenue of Southwest Airlines also dropped by nearly 83%, from $5.9 billion in the same period last year to slightly more than $1 billion. Novel coronavirus pneumonia is not expected to recover fully from the airline’s chief executive, until the advent of the new crown vaccine or treatment. “We have to work harder now to adjust our capacity in August and September to achieve our goal of continuing to reduce capacity and consume cash every day,” Gary Kelly, CEO of Southwest Airlines, told investors. My goal is still to break even by the end of the year, but it may be more realistic to achieve it in the first quarter of next year. ” According to Southwest’s estimates, the company’s capacity in the third quarter will be 20% to 30% lower than the same period last year. Last week, American Airlines warned 25000 employees that they might face the risk of unemployment and urged them to apply for voluntary separation programs and early retirement.