The Qantas Group announced today that the airline’s head of international services will leave the group as overseas flights will continue to remain grounded until at least mid-2021.
In a statement posted on its website, Qantas said that CEO of Qantas International, Tino La Spina, will leave the group after 14 years “in light of what is likely to be the extended grounding of this part of the airline”.
“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,” said Qantas Group CEO Alan Joyce.
“Under those circumstances, we’ve made the decision to consolidate the domestic and international business units under a single divisional CEO,” he added.
The Australian airline group added that La Spina’s responsibilities will transfer over to CEO of Qantas Domestic, Andrew David, when he leaves at the end of the month.
Last week, the airline announced plans to cut 6,000 jobs due to the coronavirus crisis. Around 4,000 of its 6,000 planned job cuts are expected to be finalised by the end of next month.
Qantas profits have dropped by 91 per cent in what the Australian carrier called “the most challenging period in its long history” in its 2020 financial year results released earlier this month.
The airline reported a statutory loss before tax of A$2.7 billion and an underlying profit before tax of A$124 million.