• Skip to main content
  • Skip to primary sidebar

Ad – Bottom Content

Qantas merges business units as International CEO steps down

Payload Asia

Leaderboard

  • Home
  • Latest News
  • Channels 
    • Carriers
    • Aircraft Manufacturers
    • Airports
    • Courier & Mail
    • Freight Forwarders
    • Express
    • Ground Handling & Cargo Terminals
    • Logistics
  • 9th Payload Asia Awards
  • Awards & Conferences 
    • 9th Payload Asia Awards
    • Gallery
    • About
    • Rules and Regulations
    • Categories
    • Vote Now
    • Subscribe
  • Subscribe
  • Advertise
  • More 
    • Event Calendar
    • Directory
    • Contact Us
Share

Qantas merges business units as International CEO steps down

August 24, 2020 by Payload Asia

Courtesy of Qantas

Courtesy of Qantas

Sydney-based Qantas Group has made a cut to its Group Management Committee in view of the ongoing COVID-19 crisis, with Qantas International’s CEO, Tino La Spina, relieving his post effective 1 September, a press release confirmed. The Group expects its international flights to remain grounded until at least mid-2021. 

La Spina’s responsibilities will be transferred to Andrew David, CEO of Qantas Domestic, adding to his existing duties for Qantas Domestic and Qantas Freight. Meanwhile, John Gissing, group executive of associated airlines and services, will continue to lead regional carrier, QantasLink. 

“The COVID crisis is forcing us to rethink our business at every level. It’s increasingly clear that our international flights will be grounded until at least mid-2021 and it will take years for activity to return to what it was before. Under those circumstances, we’ve made the decision to consolidate the domestic and international business units under a single divisional CEO,” Alan Joyce, Group CEO, expressed in a statement. 

The Qantas Group Management Committee took three months of zero pay in the last quarter of FY20 and is on reduced pay (65 percent for the CEO and 85 percent for other executives) until November 2020. 

Last week, Qantas Group announced the financial results for the 12 months ended 30 June 2020, posting A$124 million in underlying profits before tax. Despite being down 91 percent from last year, the airline posted a strong first half (A$771 million underlying profit before tax) only to be dragged by a near total collapse in travel demand and a A$4 billion revenue drop in what it calls the most challenging period in its long history.” 

From April to end of June, Group revenue fell 82 percent whilst cash costs were reduced by 75 percent year-on-year to limit the drop in underlying profit before tax in 2H20 to A$1.2 billion. 

Despite significant uncertainty across most markets, the Group is confident Qantas Freight and Qantas Loyalty will generate significant cashflow from charter operations as it awaits the eventual return of domestic and, ultimately, international travel demand.

La Spina, who spent time as deputy CFO and CFO during his tenure, will leave Qantas International with A$56 million in profit for FY20, driven largely by a record performance from Qantas Freight and a booming e-commerce market.

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Qantas Freight, Qantas Group, Qantas International, Tino La Spina

Related Articles

  • Qantas Freight at Sydney Airport

    Qantas to add six A321s for its domestic cargo fleet
  • FedEx adds Asia-Europe capacity with new PEK-CDG route
  • IATA’s new North Asia head returns to Beijing
  • Vietnam’s IPP Air Cargo targets September launch
  • CEVA Logistics opens new warehouse in the Philippines
  • Cainiao boosts parcel services to Pakistan and Bangladesh

Ad – After Content

Primary Sidebar

Ad – Uppper Boombox

Trending News

  • Cargolux inks long-term support deal for future fleet GE Aerospace and Cargolux have entered into a long-term... 74 views | posted on January 26, 2023
  • Silk Way West eyes Japan with Nippon Express Silk Way West and Nippon Express have signed a memorand... 38 views | posted on January 26, 2023
  • Passengers soar as cargo dwindles at HKG in 2022 Cargo saw a 26.4 percent drop to 351,000 tonnes in Dece... 32 views | posted on January 25, 2023
  • Lufthansa introduces new director in Shanghai Carsten Hernig is deputy general manager and VP for pro... 31 views | posted on January 27, 2023

Payload Asia Awards

  • Top players reunite at the 9th Payload Asia Awards Top executives and well-renowned companies in the air c... by PLA Editor | posted on November 1, 2022
  • 9th Payload Asia Awards set on 28 October The 9th edition of the Payload Asia Awards will be held... by PLA Editor | posted on August 29, 2022
  • Air cargo takes spotlight at 8th Payload Asia Awards Winners of the prestigious Payload Asia Awards were ann... by PLA Editor | posted on October 5, 2021
  • Payload Asia Awards A toast to excellence, resilience at 7th Payload Asia Awards More than 60 industry professionals attended the digita... by PLA Editor | posted on January 22, 2021

Subscribe To
Our Newsletter


Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: Harvest Information Pte Ltd, 150 Orchard Road #07-05, Singapore, 238841, http://www.payloadasia.com/, https://tva.onscreenasia.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Payload Asia continues to be the authoritative source for informative, accurate and up-to-date news and information on the air cargo industry and related sectors.
With its updated and refreshed look the print edition continues to provide high quality coverage on the Asia-Pacific, India-Middle East, Europe-CIS, North & South America and Africa air cargo markets.

© 2021 Harvest Information. All rights reserved. Privacy Policy

Partner Sites : Asia Food Journal . Asia Food Journal China . Control Engineering Asia . Control Engineering China . Electronics Manufacturing China . Pharma Asia . Pharma Asia China . Logistics Insight Asia

We use cookies and similar technologies to improve your browsing experience.
Continuing to use this site means you agree to our use of cookies. I agreeRead More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non Necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

Analytics

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.

Performance

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

Advertisement

Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.

Save & Accept

1