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Qantas group announces post-covid recovery plan and equity raising for a stronger future

Read the plan here

Qantas is the kangaroo in the coalmine for Australia's coronavirus recovery

If you thought the coronavirus crisis was going to be short, sharp and over soon, Qantas CEO Alan Joyce has a message for you.

"The impact will be felt for some time," he said in the same press conference where he told reporters that he didn't expect international services to resume in the next financial year, which is just about to start.

That means Joyce is expecting Australia's international border to remain closed, at least for tourists, until July next year. Even when that border reopens, he is expecting the number of international flights in 2021-22 to be just half of what they were before the coronavirus pandemic, and only back to two-thirds the following financial year.

UK Report shows cost increases for the fruit sector during COVID-19 times

The author emphasises that this report has been based on the circumstances that apply at the time of writing – and includes no speculation on the financial consequences of possible future events (the most threatening to most businesses being the inability to operate with either some or all of their workforce as a result of a COVID-19 issue).

The Other Side Webinars

Two are upcoming and important:

July 13 July 27

The Recovery Book – What Australian governments should do now?

This book, prepared by The Grattan Institute, is essential reading. I found it a challenge to find a by-line that would grab your attention. But perhaps:
  • COVID-19 is the biggest social and economic shock since World War II.
  • In Australia, millions are out of work.
  • Australia has been luckier, and has managed the crisis better, than most.
  • Australia faces a globally synchronised deep recession.

A regional perspective – Cradle Coast Authority

Things aren’t really normal though, and many people in our region will continue to be impacted by COVID-19. As I write, the team are analysing results from a survey of almost 150 businesses, which will inform our recovery work.

73% of businesses that responded were experiencing reduced sales, 49% had reduced hours for staff and 47% were experiencing short term financial difficulty. Of note, 28% of businesses were reporting that they were expecting long term financial difficulty, which was defined as past September 30th, 2020, and 14.4% of businesses indicated that they had staff they had let go and were not expecting to rehire. Further details will be available i the near future.

A POSTCARD from Sally Chandler at the TradeStart in Tasmania Partnership

Should you have missed any part of their webinar “POSTCARD” series, recordings are available at this link - see blow - and the four sessions so far have focused on Thailand, Malaysia, South Asia (India & Pakistan) and the Philippines.

Royal Fruit Scones

Every year at Garden Parties across The Royal Residences, over 27,000 cups of tea, 20,000 sandwiches and 20,000 slices of cakes are consumed! The Royal Pastry Chefs are happy to share their recipe for fruit scones, which traditionally would be served at Buckingham Palace every summer.

Click here for the recipe

Click here for the Instagram story

The Other Side

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