Qantas to Raise $1.3 Billion, Cut at Least 6,000 Jobs

The transcript discusses the challenges faced by Qantas due to the pandemic, including significant job cuts and financial struggles. CEO Alan Joyce outlines a three-year strategy to navigate the crisis, involving capital raising and grounding planes. Despite previous confidence in liquidity, Qantas is forced to downsize. The pandemic's impact on aviation is severe, with uncertainty about the future of international operations and the Trans Tasman Aviation bubble.

What impact has the COVID-19 pandemic had on Qantas's operations?

What is Alan Joyce's strategy for Qantas over the next three years?