Qantas Not Expecting International Travel Before July 2021
The Deciport Daily Quick-Look: 20 August 2020
Qantas is facing a huge financial hole as international flights dry up during the coronavirus pandemic. Source: AAP
Qantas takes $4 Bn hit in revenue.
Security (Health), Economic // BLUF: Australian airline Qantas has said that it is unlikely to restart its international travel network before July 2021.
The airline has lost $4 billion in revenue from the COVID-19 pandemic situation.
Qantas CEO Alan Joyce stated that the second half of the financial year was the toughest in the airline's 100-year history.
(See Point 4 Below for Further Information)
The Daily Quick-Look for 20 August 2020
The Deciport Daily Quick-Look is your at-a-glance look at several key events and situations around the world over the last 24 hours. Each headline contains the link to its source report.
BLUF = Bottom Line Up Front.
FYSA = For Your Situational Awareness.
1. UNITED STATES, SAUDI ARABIA, ISRAEL - Security, Political: Trump expects Saudi Arabia to join UAE-Israel deal
FYSA: U.S. President Donald Trump said on Wednesday he expected Saudi Arabia to join the agreement announced last week by Israel and the United Arab Emirates to normalize diplomatic ties and forge a broad new relationship. “I do,” Trump replied when asked at a White House news conference if he expected Saudi Arabia to join the deal. Under the accord, which Trump helped broker, Israel agreed to suspend its planned annexation of areas of the occupied West Bank. The agreement also firms up opposition to regional power Iran, which the UAE, Israel and the United States view as the main threat in the Middle East. In Saudi Arabia’s first official comment since the agreement was announced, its foreign minister said on Wednesday the Sunni kingdom remained committed to peace with Israel on the basis of a 2002 Arab Peace Initiative. (Reuters. See link in heading for further reading)
2. MALI - Security, Political: Military promises elections after ousting president
FYSA: Soldiers who ousted Mali's President Ibrahim Boubacar Keïta say they plan to set up a civilian transitional government and hold new elections. The spokesman for the soldiers said they had acted to prevent the country falling further into chaos. President Keïta resigned on Tuesday night saying he did not want "blood to be spilled to keep me in power". The UN Security Council condemned the "mutiny", urging the immediate release of the president and his officials. All troops should "return to their barracks without delay", it said. The African Union (AU) voted to suspend Mali. Its 15-member security council called for the "restoration of constitutional order" and the release of the president and other government officials. (BBC. See link in heading for further reading)
3. SOUTH KOREA - Security, Political: South Korea battles coronavirus outbreak in capital city
FYSA: South Korean health officials are struggling to contain an outbreak of the new coronavirus centred in the capital Seoul, as new cases levelled off but remained in triple digits on Thursday. The Korea Centers for Disease Control and Prevention (KCDC) reported 288 new cases as of midnight Wednesday, marking at least a week of triple digit daily increases. Overall, South Korea has reported 16,346 cases with 307 deaths. The latest outbreak has been driven by hundreds of cases in a church, and has been centred in Seoul and the surrounding areas. The government this week banned in-person church meetings in the area, and also ordered closed other “high-risk” locations including nightclubs, karaoke bars, buffets and cyber cafes. The country used intensive tracing and testing to beat back previous spikes, but the recent surge in cases is raising concerns there could be a broader outbreak in the Seoul metropolitan area, which is home to more than 25 million people. (Reuters. See link in heading for further reading)
4. AUSTRALIA - Security (Health), Economic: Qantas boss Alan Joyce says international travel is unlikely from Australia before July next year
FYSA: Qantas says it is unlikely to restart its international travel network before July 2021, despite the federal government's hopes to have a coronavirus vaccine available to all Australians by early next year. The airline has already suffered a $4 billion revenue hit from the COVID-19 crisis, reporting an underlying profit before tax of $124 million for the 2019/20 financial year - a 90.6 per cent decline - compared to $1.33 billion the year before. Qantas group CEO Alan Joyce said the second half of the financial year was the toughest set of conditions the national carrier had faced in its 100-year history. But he remains positive about the outlook for Qantas and its Jetstar subsidiary following its restructuring and once restrictions are eased domestically and internationally. "The Flying Kangaroo wings are clipped for now but it's still got plenty of ambition and we plan to deliver on it," Mr Joyce told reporters on Thursday. (SBS. See link in heading for further reading)
Sign up at the link below to get the Quick-Look straight to your inbox daily: https://bit.ly/2z15ztB For solutions to solve your Security and Intelligence problems, email us at email@example.com Take me to the Deciport Home Page The reporting period for this Daily Quick-Look is the previous 24 hours (unless stated otherwise). This Daily Quick-Look is comprised of reports from agencies around the world, and are referenced where possible. Deciport LLC is in no way associated with any agency listed. This Daily Quick-Look is for information purposes only. This Daily Quick-Look is not intended for planning purposes. The comments that comprise the 'Why It Matters' do not represent the opinions, viewpoints or assessment of the agency from which the linked source report originated, and is intended to add context for the reader as part of a summary.