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Prime Minister Scott Morrison has advised Australians to avoid “non-essential” overseas travel, in a huge blow to the aviation industry.
Scott Morrison’s advice to Australians to reconsider all oversees travel dramatically reversed an earlier fightback from Qantas shares on Friday.
The Fair Work Ombudsman has ordered Qantas to backpay $7.1 million to 638 employees who were underpaid over eight years.
Virgin Australia will not hire new staff and has increased capacity cuts to 7.7 per cent for the first half of the next financial year. In the latest measure to mitigate the impact of the coronavirus crisis, the airline has also stopped bonuses, trimmed marketing spend and will reduce chairman and board director fees by
Flight Centre has blamed the “heightened uncertainty” around coronavirus for the decision to permanently close 100 stores, roughly 11 per cent of its total.
Qantas shares slumped to just $3.58 on Thursday afternoon – less than half their value three months ago.
PROFILES
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
