Sharechat Logo

Qantas to resume flights after tribunal orders end to strike

Monday 31st October 2011

Text too small?

Qantas Airways is set to resume flights today after Australia's workplace relations tribunal ordered that nation's biggest airline to get back to the table with unions to reach a deal to end the strikes.

Fair Work Australia has given the parties 21 days to reach a settlement, which can be extended for a further 21 days if progress is being made. During that time the unions aren’t allowed to strike.

“We will be getting our aircraft back up in the air as soon as we possibly can,” chief executive Alan Joyce said in a statement. “It could be as early as Monday afternoon on a limited schedule with the approval of the regulator.”

Qantas grounded its fleet last week at a cost of A$20 million a day as unions stepped up action after the airline said it would cut 1,000 jobs and reduce routes, while setting up new ventures in Asia.

The shares fell 1.6 percent to A$1.545 in trading on the ASX on Friday, and have shed 39 percent this year.

BusinessDesk.co.nz



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

SCT - 2024 Half Year Announcement
Fletcher Building Executive Team announcement
Meridian Energy monthly operating report for March 2024
April 16th Morning Report
Finding Neutral: Estimates of New Zealand’s Nominal Neutral Interest Rate
OCA - FY2024 Market Update
NZ Windfarms Announces Chief Executive Appointment
Blackpearl Group Q4 FY24 Results Announcement
April 15th Morning Report
BAI - Completion of the Acquisition of Online Education Platform