Qantas Airways Ltd Market Update Transcript
Thanks, Amanda, and good morning, everyone, and thanks for joining us on the call today. First, I'd like to make a few brief comments related to the statements we've lodged with the ASX this morning, then Vanessa and I will be happy to take your questions.
Since we last spoke, we have seen momentum build in the domestic market. Combined with the continued strong performances from Loyalty and Freight, the group is starting to turn the corner. But we do have a long way to go and our focus on the recovery plan to fundamentally restructure our cost base continues. We remain on track to deliver the $600 million in cost savings for financial year '21, and we are well positioned to deliver a total of $1 billion in ongoing savings from financial year 2020.
Today, we're also announcing several initiatives to solidify our recovery. These include: a 2-year wage freeze for all employees, changes that will reduce our cost of sales and distribution, and an additional voluntary redundancy program for Qantas International
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
