An alliance between Qantas and American Airlines that allows the carriers to cooperate on transpacific routes is set to be extended for a further five years.
Qantas expects to reopen almost all of its international routes by late October, although they will be operated by smaller widebodies as its Airbus A380s will remain parked.
Australian carrier Regional Express (Rex) plans to embark on “a major revamp of its regional route network” in response to “aggressive predatory moves by Qantas” into thin regional domestic routes.
Qantas CEO Alan Joyce is hoping to revisit ultra-long-haul operation “Project Sunrise” later in 2021, for a possible launch from 2024, which could coincide with the Australian carrier’s Airbus A380s emerging from storage.
Leading Tier 1 supplier Spirit AeroSystems and the U.S. Export-Import Bank (Ex-Im) have inaugurated a new kind of federally backed, discounted-rate lending for aerospace suppliers—beginning with a $40 million transaction based on receivables from Spirit’s lower-tier providers.
Qantas subsidiary Jetstar is planning to increase domestic flying during the first quarter of 2021 amid strong travel demand in Australia and the reopening of state borders.
Qantas is continuing to see a rapid rebound in its domestic network as more state borders open; the airline expects this will help prompt the beginnings of a financial recovery.
Qantas and low-cost subsidiary Jetstar are planning to ramp up their flying in December in response to the easing of state border restrictions in Australia.
Qantas is expecting its domestic capacity to ramp up significantly as more Australian state borders reopen, but the recovery is still slower than the airline had projected.