{"id":359509,"date":"2020-06-26T10:54:00","date_gmt":"2020-06-26T05:24:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359509"},"modified":"2020-06-26T11:28:14","modified_gmt":"2020-06-26T05:58:14","slug":"qantas-to-cut-6000-jobs-and-raise-1-3-bln-due-to-virus-outbreak","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/qantas-to-cut-6000-jobs-and-raise-1-3-bln-due-to-virus-outbreak\/","title":{"rendered":"Qantas to cut 6,000 jobs and raise $1.3 bln due to virus outbreak"},"content":{"rendered":"<p>Qantas Airways Ltd said on Thursday it is axing at least 20% of its workforce and plans to raise up to A$1.9 billion ($1.30 billion) of equity as part of drastic measures in response to the coronavirus crisis. <\/p>\n<p>The Australian airline also said it will ground 100 aircraft for up to 12 months and some for longer, as well as retire its six-strong remaining Boeing Co 747 fleet immediately, six months ahead of schedule.<\/p>\n<p>&#8220;We have to position ourselves for several years when revenue will be much lower,&#8221; Qantas Chief Executive Alan Joyce said in a statement detailing a three-year plan that will cost A$1 billion to implement. &#8220;And this means becoming a much smaller airline in the short term.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qantas Airways Ltd said on Thursday it is axing at least 20% of its workforce and plans to raise up to A$1.9 billion ($1.30 billion) of equity as part of drastic measures in response to the coronavirus crisis. The Australian airline also said it will ground 100 aircraft for up to 12 months and some for longer, as well as retire its six-strong remaining Boeing Co 747 fleet immediately, six months ahead of schedule. &#8220;We have to position ourselves for several years when revenue will be much lower,&#8221; Qantas Chief Executive Alan Joyce said in a statement detailing a three-year [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-359509","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359509"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359509\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}