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.
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.
Disclaimer
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.
