How can an airline boost cash flow in a pandemic? Ask Alan Joyce.
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Qantas boss Alan Joyce has a real knack for sharing the pain but capitalising on the gain.
When Qantas emerges from the COVID crisis, it will have picked up about 10 percentage points in domestic market share, slashed its staff numbers by a third and taken $1 billion out of costs. Its remaining workers will have a pay freeze and travel agents selling Qantas seats will see commissions cut from 5 per cent to 1 per cent.
How can an airline boost cash flow in a pandemic? Ask Alan Joyce
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