Qantas could axe Beijing route early as coronavirus hits demand: CEO

Canada News News

Qantas could axe Beijing route early as coronavirus hits demand: CEO
Canada Latest News,Canada Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Qantas Airways Ltd Chief Executive Alan Joyce said on Wednesday it was too early...

FILE PHOTO: Two Qantas Airways Airbus A330 aircraft can be seen on the tarmac near the domestic terminal at Sydney Airport in Australia, November 30, 2017. REUTERS/David Gray

Qantas in November said it was axing its underperforming Sydney-Beijing route from March due to stiff competition from Chinese airlines and weak business class demand. He said the most similar comparison to coronavirus was the SARS epidemic in 2003, which cost the carrier A$55 million in lost earnings over a six to eight month period and led it to cut some international capacity.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

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.

3M CEO: 'We're going 24/7' to ramp up production of masks to meet coronavirus demand3M CEO: 'We're going 24/7' to ramp up production of masks to meet coronavirus demand“Our focus is ramping up our production as quickly as possible to meet the demand.” 3M CEO Mike Roman says the company is increasing its production of respiratory protection masks amid the coronavirus outbreak.
Read more »

Trump offers China 'any help' as virus toll grows, markets reelTrump offers China 'any help' as virus toll grows, markets reelWith provincial authorities taking increasing flak from the public over their initial response, Chinese Premier Li Keqiang visited central Wuhan city, the epicentre of the outbreak, to encourage medical workers and promise reinforcements.
Read more »

Stocks crumble as deadly coronavirus spreads, safe havens in demandStocks crumble as deadly coronavirus spreads, safe havens in demandAsian stocks extended a global selloff on Tuesday as China took more drastic ste...
Read more »

Asia jet fuel demand slumps as airlines cancel flights after virus outbreakAsia jet fuel demand slumps as airlines cancel flights after virus outbreakAsia jet fuel demand slumps as airlines cancel flights after coronavirus outbreak by koustavsamanta j3ssi3
Read more »



Render Time: 2025-03-27 10:11:31