Is the Qantas (ASX:QAN) share price a buy after the airline s H1 results? fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
QANTAS Airways has made this announcement:
Flights to most international destinations to now resume late October 2021
Trans-Tasman flying to ramp up from July 2021
New flexibility for international bookings, with unlimited flight date changes
QANTAS Airways and Jetstar Airways are now planning to restart regular international passenger flights to most destinations from October 31, 2021 – a four month extension from the previous estimate of July, which had been in place since mid-2020.
The date change aligns with the expected timeframe for Australia’s COVID-19 vaccine rollout to be effectively complete.
Capacity will be lower than pre-COVID levels, with frequencies and aircraft type deployed on each route in line with the projected recovery of international flying. International capacity is not expected to fully recover until 2024.
Alan Joyce has asked state and territory leaders to promise they will not shut their borders beyond April after the airline suffered a $1billion loss in just six months.
The Qantas boss revealed he has had positive conversations with politicians about restoring confidence to the travel industry.
Australia s international borders have been closed since March 20, 2020, leaving airlines hemorrhaging money - with the situation made even worse thanks to frequent state border closures.
The tense situation on borders has left many Australians fearing booking any interstate trips in case they find themselves on a red list.
All hotel quarantine workers are due to be vaccinated by mid-March, which will help prevent Covid-19 spreading from infected travellers into the community.
Qantas suffers $1 billion loss in pandemic i98fm.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from i98fm.com.au Daily Mail and Mail on Sunday newspapers.