Qantas to cease international flying, tells majority of workforce to take leave

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Qantas to cease international flying, tells majority of workforce to take leave
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Qantas Airways Ltd said on Thursday it will halt all international flights from ...

Qantas needs to slash its A$4 billion a year wage bill due to the drop in revenue and is looking to secure funding against its 787 fleet, with a deal expected to be announced next week, Chief Financial Officer Vanessa Hudson said.

“We have one of the healthiest balance sheets out there so we will have plenty of liquidity to last a very, very long time,” Joyce said.

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