UPDATE 2-Cathay Pacific to close pilot base in Canada, proposes shutting Australia, New Zealand Reuters 2 hrs ago Airline cut 5,900 jobs in 2020 due to travel downturn Reported record loss of $2.8 bln in 2020 (Recasts with Cathay confirmation, details of consultation process in Australia, New Zealand)
April 22 (Reuters) - Hong Kong s Cathay Pacific Airways Ltd will close its Canadian pilot base and has proposed to also shut its pilot bases in Australia and New Zealand, the airline said on Thursday.
No decisions have been made on the fate of its pilots based in Europe and the United States, the airline said in a statement that noted all passenger fleet pilots on overseas bases had been stood down since May 2020.
Cathay Pacific to close its Canadian pilot base, proposes shutting Australia, New Zealand
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Healthcare & PharmaceuticalsAir New Zealand, Qantas to ramp up Australia-New Zealand flights as bubble opens
Reuters
3 minutes read
Air New Zealand Ltd (AIR.NZ) and Qantas Airways Ltd (QAN.AX) said on Tuesday they would ramp up flights between Australia and New Zealand to at least 70% of pre-pandemic levels once a two-way quarantine-free travel bubble opens on April 19. read more
The restart of a more regular schedule on the popular routes will help the airlines reduce their cash burn at a time when they are almost wholly reliant on their domestic markets for revenue.
Before the pandemic, Australia was New Zealand s largest tourism market and demand for travel between the two countries represented around 20% of Air New Zealand s revenue, the carrier said in a statement.
Business travel demand could drop 13-15% due to videoconferences Qantas could make up some of the fall by gaining market share (Adds comments from CEO on impact of videoconferencing)
SYDNEY, April 14 (Reuters) - Australia’s Qantas Airways Ltd has seen domestic leisure travel rebound to pre-pandemic levels, but demand in the corporate travel market is lagging about three months behind, its chief executive said.
The airline plans to fly 80% of its pre-pandemic domestic capacity in the quarter ending June 30, allowing it to generate cash for the first time in several quarters, Alan Joyce told a CAPA Centre for Aviation event on Wednesday.
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