Alan Joyce has announced he’ll give up his salary for the remainder of the financial year after the Qantas Group announced capacity cuts equivalent to grounding 38 aircraft.
Angry Qantas’ passengers were forced to wait two hours to speak to the airline's customer service helpline on Monday.
The worst day of trading on the ASX since the global financial crash saw Virgin shares limp to an all-time low of 0.075 and Qantas drop to 4.15 – down from 7.40 in December.
A collection of Katoomba-based aviation licensees have called for a review of the NSW Government decision not to proceed with lease negotiations for the Katoomba Airfield.
Air New Zealand has withdrawn the full-year earnings guidance it issued just two weeks ago, as the coronavirus crisis causes global aviation stocks to plummet.
Jetstar has become the latest Australian airline to enter the aggressive local price war.