Qantas axes international flights; Lufthansa cuts 95% of capacity
Qantas puts two-thirds of workforce on leave; German government may buy stake in Lufthansa
Sydney
QANTAS Airways said on Thursday it will halt all international flights from late March until at least the end of May and is putting two-thirds of its workforce on leave after Australia told citizens not to travel overseas due to the coronavirus.
Qantas will also delay the payment of its dividend, worth A$201 million (S$166.6 million), from April 9 until Sept 1.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US