Qantas Airways Ltd (ASX:QAN)
A$ 9.04 0.04 (0.44%) Market Cap: 13.68 Bil Enterprise Value: 18.30 Bil PE Ratio: 12.03 PB Ratio: 49.13 GF Score: 71/100
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Qantas Airways Ltd Customer and Employee Impact Analyst and Investor Call Transcript

Mar 19, 2020 / NTS GMT
Release Date Price: A$2.14 (-15.42%)
Operator

Thank you for standing by, and welcome to the Qantas Airways Limited Analyst Call.

I would now like to hand the conference over to Mr. Alan Joyce, CEO. Please go ahead.

Alan Joseph Joyce
Qantas Airways Limited - CEO, MD & Executive Director

Thanks, Izzy, and good morning, everyone. I'm joined here by Vanessa and Fran, and hopefully, all of you have had a chance to read through our announcement outlining the customer and employee impacts of the coronavirus-related network cuts. I'd like to make some broader comments first, and then Vanessa Hudson and I will be happy to take your questions.

Obviously, the impact of the coronavirus public health crisis is unprecedented with the aviation sector probably the hardest hit. In response to the government advising against all overseas travel and the falling demand for air -- for travel, earlier this week, we announced a 90% cut to international capacity and 60% cut to domestic capacity. With the government advising against, again, all overseas travel in the middle of this week, we've now suspended all

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