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The Qantas Group has secured a $1.05 billion on Wednesday morning, causing shares to soar by 25 per cent.
Virgin Australia’s chief executive Paul Scurrah has hinted the airline group will not simply carry on as before when the COVID-19 crisis finally ends.
The Transport and Workers Union has urged the government to pay 80 per cent of stood down Virgin employees’ wages.
On Wednesday, the Virgin Group announced it was to increase domestic capacity reductions from 50 to 90 per cent, including the immediate suspension of all Tigerair services.
On Thursday, Qantas announced that it would ‘stand down’ a majority of its 30,000 strong workforce, putting 20,000 workers into a state of flux until “at least” the end of May 2020.
Prime Minister Scott Morrison announced late on Tuesday night that Australia is now banning outright all overseas travel.
