Qantas boss Alan Joyce says the airline needs to offer cut-price airfares to encourage pandemic-weary Australians to travel again and slow the company's $40 million weekly cash burn | pwhatch
Qantas boss Alan Joyce says the airline needs to offer cut-price airfares to encourage pandemic-weary Australians to travel again and slow the company's $40 million weekly cash burn., that Sydney-Melbourne airfares on Qantas' budget arm, Jetstar, could fall to as low as $19 during the pandemic recovery, adding that the cheap airfares would stimulate demand.“We’ve got 220 aircraft sitting on the ground, we’re burning through $40 million a week ...
"We’re going to go into a recession for the first time in 29 years. We know when we get into economic tough times, people are reluctant to spend discretionary income on holidays or on trip or spend less. So we have to incentivise that - we know we can do that with these cheap airfares.
The airline has started increasing domestic flights from 5 per cent of its pre-coronavirus capacity to 15 per cent by the end of June, with the
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