The man behind the money-saving staff cuts, Alan Joyce, is widely known for his ruthlessness when it comes to running the airline business. In an interview earlier this year when asked about Qantas’ approach towards the pandemic, he said: “It’s survival of the fittest.”
Despite the huge losses reported globally by most major airlines, Qantas, miraculously, continued to make mammoth sums of profit during the pandemic. This was largely thanks to government subsidies on 800,000 domestic flights.
In their year-end financial report for 2020, Qantas stated: “Despite some of the worst trading conditions in its history, the Qantas Group reported an Underlying Profit Before Tax of AU$124 million ($91 million) for FY20.”
When asked about the company’s market position in May, Joyce boasted it “is stronger than it has ever been.”
ਇਸ ਲੇਖ ਤੋਂ ਕੀ ਲੈਣਾ ਹੈ:
- In an interview earlier this year when asked about Qantas' approach towards the pandemic, he said.
- “Despite some of the worst trading conditions in its history, the Qantas Group reported an Underlying Profit Before Tax of AU$124 million ($91 million) for FY20.
- The man behind the money-saving staff cuts, Alan Joyce, is widely known for his ruthlessness when it comes to running the airline business.
