Australias qantas cuts almost quarter of flights ceo to stop taking salary

Qantas, the flag carrier airline of Australia, has announced that it will be cutting almost a quarter of its flights due to the ongoing COVID-19 pandemic and resulting travel restrictions.

In a statement, Qantas CEO Alan Joyce said that the airline will be reducing its domestic and international capacity by around 23% in the coming months. This will involve cutting around 150 flights per week, with the majority of the reductions affecting domestic services.

Joyce also announced that he will be taking a voluntary pay cut of 50% for the next six months, and that the airline's executive team will also be taking pay cuts. The airline's board of directors will also be taking a 30% pay cut.

The airline industry has been severely impacted by the COVID-19 pandemic, with many airlines around the world cutting capacity and reducing staff numbers in response to the crisis. Qantas has been no exception, having previously announced that it would be cutting around 6,000 jobs and reducing its capacity by around 20%.

The airline's decision to cut flights and reduce capacity is aimed at reducing costs and ensuring the airline's financial sustainability in the face of the pandemic. Qantas has also been working to reduce its costs by implementing cost-saving measures such as reducing its fuel consumption and renegotiating contracts with suppliers.

Despite the challenges posed by the pandemic, Qantas remains committed to its goal of becoming a sustainable and profitable airline. The airline has been working to reduce its environmental impact, including by investing in sustainable aviation fuels and reducing its carbon emissions.

In a statement, Joyce said that the airline's decision to cut flights and reduce capacity was a difficult one, but that it was necessary to ensure the airline's long-term sustainability.

"We understand that this will cause inconvenience to some of our customers, but we believe it is necessary to take these steps to ensure the long-term sustainability of our business," Joyce said.

Qantas has also been working to support its customers and employees during the pandemic, including by offering flexible booking policies and providing support to employees who have been impacted by the crisis.

Overall, Qantas' decision to cut flights and reduce capacity is a response to the challenging conditions posed by the COVID-19 pandemic, and is aimed at ensuring the airline's financial sustainability and long-term success.