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Qantas Airways Apprises Post-COVID Recovery Plan and Equity Raising Plan

  • June 25, 2020 01:30 PM AEST
  • Team Kalkine

Qantas Airways Limited (ASX:QAN) has shared its post COVID recovery plan and announced equity raising of up to $1.9 billion to accelerate recovery and position for new opportunities.

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The immediate focus of the company is to:

  • Rightsize the workforce, fleet and other costs as per demand projections with the potential to scale up as flying return.
  • Restructure in a way to deliver ongoing cost savings and effectiveness across the Group’s operations in the changed market.
  • Recapitalise via equity raising boost its financial resilience for recovery and the prospects it presents.

Later phases of the plan would emphasise on the growing ramp up of flying & engage in new opportunities, which includes ambition for more non-stop international flights.

 


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