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Qantas reveals $500 million loss caused by lockdowns

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Qantas is forecasting a loss of more than $2 billion this financial year

The Aussie Airline has issued a statement to the ASX stating that recent COVID-19 lockdowns had cost the airline $500 million in earnings.

That included $15 million from Perth’s 3-day snap lockdown, $29 million from the Brisbane lockdown, and even worse, $400 million from the lockdown in Sydney’s Northern Beaches.

A sustained rebound in the Australian domestic travel market and the performance of its Freight and Loyalty divisions continues to drive the Qantas Group’s recovery from the impacts of COVID-19.

The national carrier has recently pushed back its plan to restart international travel.

In a statement, Qantas CEO Alan Joyce says:

“Managing costs remains a critical part of our recovery, especially given the revenue we’ve lost and the intensely competitive market we’re in.”

Joyce has called for urgency to speed up the rollout of the COVID-19 vaccine in Australia, stating “Australia has to put the same intensity into the vaccine rollout as we’ve put on lockdowns and restrictions, because only then will we have the confidence to open up.”

“We’ve adjusted our expectations for when international borders will start opening based on the government’s new timeline,

A Qantas plane takes off from the Sydney International airport on May 6, 2021, as Australia’s competition regulator said it would block a pricing, code-sharing and scheduling deal between Qantas and Japan Airlines because it would likely mean higher fares for passengers. (Photo by Saeed KHAN / AFP)

Some Qantas crew are back at work – others are set to go

Qantas boss Alan Joyce said, “It’s great to see so many of our people now back at work and the majority of our fleet back in the air.”

The airline has reduced its workforce drastically since the start of the pandemic, with thousands of employees wither stood down or made redundant.

Qantas confirmed of approximately 22,000 roles across the Group, some 16,000 are currently stood up, including all domestic crew, all corporate employees and some international crew.

It’s understood the airline will ask international cabin crew to volunteer to be made redundant.

Qantas staff talk to passengers onboard a flight bound for Auckland on April 19.

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Business

Why the FAA is mandating Boeing 737 MAX inspections urgently

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America’s Federal Aviation Administration has issued an urgent directive, requesting that Boeing notify operators of 737 MAX airplanes to conduct additional inspections of the plane’s automated flight control system.

The directive enables Boeing’s recommendation to inspect planes with more than 6,000 flight hours be subject to specific electronic checks to become mandatory.

” Boeing fully supports the FAA mandate “requiring functional checks at certain intervals to the digital flight control system, stabilizer trim, and the primary and secondary aisle stand stabilizer.”

Boeing said.

MCAS, an automated flight control system on the 737 MAX, was tied to two fatal 737 MAX crashes that led to the plane’s 20-month grounding that was lifted in November.

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Business

Sites come back online following global outage

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Multiple organisations are slowly coming back online following a global cloud platform outage.

The ANZ, Bank of Melbourne, Westpac and Commonwealth Bank, and Bank West had all reported system issues with their mobile banking apps.

Users had been served with error messages while attempting to log in.

Commonwealth Bank earlier advised its customers they are investigating, so did other major banks.

Airlines offline

There had also been reports that several other websites, including Virgin Australia, Southwest Airlines, United Airlines, American Air and Delta Airlines have gone offline.

Allianz Insurance and CMC Markets are affected. ME Bank also reported “server issues”.

Australian website tracker DownDetector displayed an upsurge in access complaints across several major websites around 2:10pm

Ticker News can confirm Telstra and NAB have not been impacted by this outage, despite reports from Down Detector.

The issue was believed to be linked to problems occurring with CDN provider Akamai.

Sites are now coming back online.

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Business

The airline that flew a damaged aircraft

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A Qantas plane flying between two Australian cities was damaged on the ground before taking to the sky

The plane was loaded with passengers and was flying from Darwin to Brisbane in the country’s North.

But according to NT News, it was flying in the air damaged after a baggage handler drove machinery into the jet before it took off.

Many people were unaware they were on an aircraft that was damaged.

This flight reportedly took off last Saturday but engineers didn’t discover the damage to them until the next day — after it had landed.

Qantas says only paint was taken from the fuselage of the plane but It is believed the damage was caused when a belt loader hit the plane.

The Transport Workers’ Union is now calling on the Federal Transport Minister to begin a multi-agency investigation into Qantas’ safety systems because they are “concerned that passengers and workers lives are being put at risk.”

“As soon as it was reported to us, the aircraft was inspected in Brisbane, and engineers discovered a superficial scrape to the paintwork. Engineers used specialist equipment to confirm that there was no damage to the fuselage of the aircraft.”

Qantas Says.

The worker is understood to have been stood down while an investigation is carried out.

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