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BRIEF-Qantas Airways Says Group Domestic Capacity To Reach 90 Per Cent Of Pre-Covid Levels In Q4

Published 15/04/2021, 11:36 am
© Reuters.
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April 15 (Reuters) - Qantas Airways Ltd QAN.AX :

* QANTAS- ALL QANTAS AND JETSTAR DOMESTIC CREW NOW BACK AT WORK

* QANTAS - GROUP DOMESTIC CAPACITY INCREASING BEYOND PREVIOUS ESTIMATES TO REACH 90 PER CENT OF PRE-COVID LEVELS IN Q4 FY21

* QANTAS- CONTINUING TO TARGET RESUMPTION OF REST OF INTERNATIONAL NETWORK FROM LATE OCTOBER

* QANTAS - NEW DEAL SIGNED WITH ACCOR

* QANTAS - DIRECT IMPACT OF BRISBANE LOCKDOWN ON QANTAS GROUP IS ESTIMATED AT $29 MILLION EBITDA FOR FY21

* QANTAS - GROUP IS REVISING ITS ESTIMATES OF REACHING 80 PER CENT OF ITS PRE-COVID DOMESTIC CAPACITY FOR Q4 OF FY21

* QANTAS - CONTINUED GROWTH IN DOMESTIC CAPACITY EXPECTED TO CONTINUE INTO FY22, WITH JETSTAR TO REACH 120 PER CENT OF PRE-COVID LEVELS, CO TO BE 107%

* QANTAS - RECOVERY STRATEGY PUTS SHORT-TERM FOCUS ON CASH POSITIVE FLYING OVER PROFIT MARGINS, MEANING LOW FARES TO HELP DRIVE DEMAND

* QANTAS - STILL FACING A "MASSIVE" FINANCIAL LOSS THIS YEAR

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