About: http://data.cimple.eu/news-article/50f4e4942373bd96a84192dd881d9ffc3e17ee675f20fef4294186c3

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/50f4e4942373bd96a84192dd881d9ffc3e17ee675f20fef4294186c3 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	Australian flag-carrier Qantas said revenues collapsed 82 percent in the past 12 months due to the coronavirus pandemic, as the company posted a US$1.9-billion loss on Thursday. The airline reported a "strong first half of the year" followed by "a near total collapse in travel demand". "COVID punched a Aus$4 billion hole in our revenue and a Aus$1.2 billion hole in our underlying profit in what would have otherwise been another very strong result," CEO Alan Joyce said. Qantas has cut 6,000 staff and grounded 100 planes for up to a year in a US$10-billion cost-cutting blitz. Its main competitor, Virgin Australia, went into voluntary administration in April shortly after Australia closed its international borders and domestic travel plunged. Virgin announced earlier this month it would close budget subsidiary Tigerair Australia and lay off 3,000 staff as it prepares to relaunch under the new ownership of US private equity giant Bain Capital. "We were on track for another profit above $1 billion when this crisis struck. The fact that we still delivered a full year underlying profit shows how quickly we adjusted when revenue collapsed." Joyce said the pandemic would continue to have a "huge impact" on the business, with expectations of a "significant loss" in the coming financial year. Several domestic state borders remain closed while Qantas has said it does not expect to return to international travel until mid-2021. hr/jah
schema:headline	Australia's Qantas posts $1.9 bn annual loss
schema:mentions	James Joyce Virgin Group Private equity Alan Joyce Qantas Australia Chief executive officer Pandemic Coronavirus disease Coronavirus disease 2019 Tigerair Australia Bain Capital Australian insolvency law Virgin Australia
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-19 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	68 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software