Qantas announced the net profit impact of Coronavirus estimated at $100-$150 million for FY20 which was reduced by lower fuel prices.

With that there will be temporary reductions to flights across domestic Australia, Asia and the Tasman in response to the drop in demand with no changes to other parts of the networks.

Summary of the cuts:

- 2% Australian Domestic

- 5% Trans Tasman

- 16% Qantas International Asian Services

- 14% Jetstar services to/from/intra Asia

The group will add to savings by using Leave Balances and Freezing recruitment as well as bringing forward planned maintenance.

A summary of Qantas Mainline changes to/from Asia:

• Sydney-Shanghai (the airline’s sole route to mainland China) – will remain suspended
• Sydney-Hong Kong – reduced from 14 return flights per week to 7 [Bye Bye QF127/QF128]
• Brisbane-Hong Kong – reduced from 7 return flights per week to 4 [QF97/QF98 - down to 4 or 5 times per week]
• Melbourne-Hong Kong – reduced from 7 return flights per week to 5 [QF29/QF30 - Monday and Wednesday take the hit]
• Melbourne-Singapore – flights to be operated by Boeing 787s instead of larger Airbus 380s (approx. 250 less seats per flight) [QF35/QF36 - F takes a hit]