Qantas boss Alan Joyce fears international travel will stay frozen until July 2021 at the EARLIEST – despite worldwide vaccine roll out
- Qantas chief executive Alan Joyce fears international travel on hold until July
- Flying kangaroo airline put out trading update hours after UK approved vaccine
Qantas chief executive Alan Joyce fears international travel will be on hold until at least July next year despite a vaccine.
The flying kangaroo airline released a trading update on Thursday morning hours after the UK announced it had approved the Pfizer-BioNTech COVID-19 vaccine for use from early next week.
‘International travel is likely to be at a virtual standstill until at least July next year and it will take years to fully recover, which means we’re carrying the overhead for billions of dollars worth of aircraft in the meantime,’ Mr Joyce said.
Qantas chief executive Alan Joyce fears international travel will be on hold until at least July next year despite a vaccine
Since March 20, Australians have been barred from leaving Australia for a holiday as non-citizens and non-residents were stopped from entering the country.
Despite the reopening of state borders, Mr Joyce said it was too early to be excited.
‘Overall, we’re optimistic about the recovery but we’re also cautious given the various unknowns,’ he said.
‘We also have a lot of repair work to do on our balance sheet from the extra debt we’ve taken on to get through the past nine months.’