Alan Joyce Qantas

2022 - 8 - 26

Post cover — Image courtesy of "Sky News Australia"

'The competition is just as bad': Joyce addresses Qantas' issues (Sky News Australia)

Demand for Qantas flights remains sky high despite the airline being plagued by issues such as delayed and cancelled flights "because the competition is ...

"We're seeing big improvements already. 25+ news channels in 1 place. "And then you have to cancel the flying because you don't have the reserves to cover all that. "Demand is better than its ever been and even though we've been going through these problems for the last few months, its record demand coming in nearly each month, and that's because the competition is just as bad," he said. Alan Joyce says Qantas is seeing "record" demand for its services despite being plagued by issues "because the competition is just as bad" - but vowed to fix the problems besetting the airline. Demand for Qantas flights remains sky high despite the airline being plagued by issues such as delayed and cancelled flights "because the competition is just as bad", the airline's chef executive Alan Joyce says.

Qantas CEO blames 'little government support' and Covid for ... (CNBC)

Australia's national carrier posted its third consecutive year of losses before tax of $1.19 billion Australian dollars.

[Air New Zealand posted a loss](https://www.nzx.com/announcements/397579) of $725 million New Zealand dollars ($452.1 million) in the 2022 financial year, before significant items and taxation. [posted its third consecutive year of statutory losses](https://www.qantasnewsroom.com.au/media-releases/qantas-group-posts-third-major-loss-from-pandemic-strong-recovery-underway/) before tax of $1.19 billion Australian dollars ($830.67 million), attributing the performance to the delta and omicron outbreaks in Australia and upfront costs from restarting the airline after lockdowns ended. It has since replaced only about a third of those employees and contractors it let go. It has raised S$22.4 billion since April 2020, including S$15 billion from shareholders through the sales of shares and convertible bonds. [](https://www.nzherald.co.nz/business/air-new-zealand-posts-725-million-loss-after-expenses-soar-pandemic-lockdowns-reduce-flights/VKB4KBUY7MZRCDSVV5PKRBPQVY/) [Qantas made losses of A$2.35 billion](https://www.qantasnewsroom.com.au/media-releases/qantas-group-posts-significant-loss-from-full-year-of-covid/) in 2021 and and [A$2.7 billion](https://www.qantasnewsroom.com.au/media-releases/qantas-group-fy20-financial-results-navigating-exceptional-conditions/) in 2020. ](https://www.twu.com.au/press/empty-promises-tactics-and-trickery-twu-slams-qantas-announcements/) nobody was planning for." [since posted a first quarter net profit for the 2022/2023 year](https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial-Results/News-Release/nr-q4fy2122.pdf). [Singapore Airlines](//www.cnbc.com/quotes/SIAL-SG), which returned to a [net profit in the first quarter of the financial year 2022/2023](https://www.singaporeair.com/saar5/pdf/Investor-Relations/Financial-Results/SGXNET/bu-q1fy2223.pdf), the CEO answered: "We're very different from different airlines because within Singapore, there wasn't a need to sack, stand down people that we had to do." [American Airlines returned to profit in its second quarter,](https://americanairlines.gcs-web.com/news-releases/news-release-details/american-airlines-reports-second-quarter-2022-financial-results#:~:text=(NASDAQ%3A%20AAL)%20today%20reported,or%20%240.76%20per%20diluted%20share.) as did Singapore Airlines, which the CEO compared Qantas with. [Qantas CEO Alan Joyce told CNBC the airline](https://www.cnbc.com/2022/08/15/qantas-expands-australia-freight-fleet-to-meet-online-shopping-demand.html) was not able to return to profit as quickly as other carriers like those in Singapore because it did not receive as much government support and faced a "massive wave of Covid ...

Alan Joyce 'in tears' over 'tough calls' that helped Qantas survive (9News)

Qantas CEO Alan Joyce says this is most challenging time in the airline's 100-year history, following an an...

"The restart hasn't been as smooth as we hoped for. He said that was the job he was committed to, and he aimed to stay on as CEO until at least the end of next year. And Joyce said Qantas would be handing out $200 million worth of bonuses to all employees if the company was able to "turn around".

Alan Joyce 'in tears' over workers being sacked (2GB)

A number of Qantas employees were let go during the pandemic. Mr Joyce told Ben Fordham he had a responsibility to keep the national airline afloat. “Friends ...

Alan Joyce 'in tears' over pandemic calls, Qantas hikes airfares (The New Daily)

Qantas CEO Alan Joyce says he was "in tears" when he was forced to make friends redundant to ensure the survival of the airline during the pandemic.

“The restart hasn’t been as smooth as we hoped for. That decision was later found by the Federal Court to be illegal. “That means we’ll have a billion dollars more in the fuel bill compared to 2019, and we’ll only have 75 per cent of our international flying and less than 100 per cent of our domestic flying, so that’s a huge increase in costs. “Friends that I’d had for 20 years, I had them in my office, and I was in tears, making them redundant.” Qantas CEO Alan Joyce says he was “in tears” as he made friends, some of 20 years, redundant to ensure the national airline survived the pandemic. It came as the airline boss also flagged looming 20 per cent increases in international fares and a 10 per cent jump in domestic fares to pay Qantas’ rising fuel bill.

Qantas boss Alan Joyce reveals he was 'in tears' after sacking workers (Daily Mail)

Mr Joyce said 30 per cent of staff in Qantas' head office were made redundant when the carrier was just 11 weeks away from going bankrupt.

Mr Joyce said he was confident the airline would recover from the 'staggering' losses and return to pre-Covid levels of profitability by the end of this year. In a press conference, the CEO acknowledged Qantas needed to do better and said seven-day Covid isolation periods were to blame for staff shortages. Mr Joyce has dismissed calls for him to resign and said the airline had apologised for it mistakes (pictured, a passengers arrives in Sydney's International Airport) Mr Joyce said he did not take a salary for six months and was the only ASX-listed CEO last year not to receive a bonus. Embattled Qantas boss Alan Joyce has spoken out about the moment he broke down in tears after being forced to sack hundreds of workers during the pandemic Embattled Qantas boss Alan Joyce has spoken out about the moment he broke down in tears after being forced to sack hundreds of workers during the pandemic.