Airlines slash schedules, jobs and pay after new travel restrictions
SYDNEY - Airlines in Australia and New Zealand said on Monday they would make drastic changes to their flying schedules after the countries over the weekend announced international travelers would need to self-isolate for 14 days due to the coronavirus.
Air New Zealand Ltd said job losses would be necessary as it cut long-haul capacity by 85% over the coming months, suspending flights to destinations including San Francisco, London, Buenos Aires, Honolulu and Tokyo.“We are now accepting that for the coming months at least Air New Zealand will be a smaller airline requiring fewer resources, including people,” Air New Zealand Chief Executive Greg Foran said in a statement.
“We’ve moved immediately to offer a booking waiver to our customers and we’re working through the implications for our schedule now given the expected impact on demand, with a view to announcing more detail as soon as possible,” a Qantas spokesman said in a statement. UBS analysts said the latest travel restrictions would have a significant effect on Qantas’ international traffic, which historically accounted for around 45% of revenue and 25% of earnings before interest and tax.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. airlines prepare new flight cuts after new UK, Ireland restrictionsDelta Air Lines said on Saturday it plans to soon announce additional schedule c...
Read more »
New Zealand remembers Christchurch shootings on one-year anniversaryOn March 15, 2019, 51 people were killed and 49 others were injured after a white supremacist opened fire at two mosques in Christchurch, New Zealand.
Read more »
New Zealand bans mass gatherings, promises fiscal package will be significantNew Zealand Prime Minister Jacinda Ardern banned gatherings of 500 people or mor...
Read more »
Netflix Bows ‘Elite’ Season 3: New Murder, New Themes, Same Structure.In Season 3, Spanish teen drama series “Elite” manages once again to give yet another spin to the already genre-blent and bent tropes that have gained it so much popularity amongst international au…
Read more »
Mainland China reports 11 new coronavirus infections; new Hubei cases continue to dropMainland China had 11 new confirmed coronavirus cases on Friday, the country&03...
Read more »
Mainland China reports 11 new coronavirus infections; new Hubei cases continue to dropMainland China had 11 new confirmed coronavirus cases on Friday, the country&03...
Read more »