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More Than

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FoundersRoyal & Sun Alliance Insurance Group
Parent organizations RSA Insurance Group
HeadquartersUnited Kingdom
Founded2001
SubsidiariesRoyal & Sun Alliance Insurance Company of Canada, Inc.
Date of Reg.
Date of Upd.
ID1048700
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About More Than


More Than is an insurance company based in the United Kingdom that offers motor, home, pet and travel insurance. Its business arm More Than BUSINESS offers business insurance. The company is a subsidiary of the RSA Insurance Group. The brand launched in 2001, under the slogan of "Don't Accept Less Than More Than".

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Dec 3,2023 8:31 pm

Australia's national airline, says that it was made "very difficult" by The Virus -

Qantas axe 6,000 jobs, as part of their plans, to the survival of the Corona-Virus-pandemic, says the airline.

The cuts amount to about a fifth of the airline staff in front of the Covid-19 crisis. In March furloughed More Than 80% of its employees.

Australia's national carrier said that had devastated break-up of the global air transport revenue.

last week declared the Australian government that the border would be the most likely to remain closed into next Year .

until The End of October, except for those to New Zealand .

On Thursday, chief executive Alan Joyce said the airline expected to survive on smaller revenue in The Next three years, so it's a smaller operation, in order to.

"the measures That we take will have a great impact on thousands of our people," He Said in a statement.

"But the collapse in the billions of dollars in revenue leaves us no other choice to save if we, as many jobs as possible in the long term. "

Mr Joyce added that Qantas and its budget subsidiary Jetstar, would be to extend a vacation for around 15,000 workers ", because We Are waiting for The Recovery that we come to know".

Australia is flattened on its virus curve faster than other Nations, which means the demand for domestic flights returned and is expected to fully recover until the Year 2022.

But The International demand at this Time Is likely to told the half of what it was, Qantas.

The airline also plans to increase$1. 9bn (£1. 05bn; $1. 3 billion) to accelerate Equity , the first such move in 10 Years - new funds and help his recovery.

the witness found Other short-term savings through the ground of up to 100 flight, including the A380 fleet and delay The Purchase of new aircraft, it said.

Greg Waldron, Asia managing editor of FlightGlobal, told The Bbc that the measures are designed to help the airline, because it deals with the impact of the pandemic.

"Qantas-mix of staff cuts, fleet reductions, as well as the raising of capital are designed to reduce costs during a crisis, the demand for the industry, and keep a solid core for the subsequent rebound. In the short to medium term, in Australia, a strong domestic market, Qantas should help revive sales partially again. "

decisions, the look at Australia's border question

Simon Atkinson, Bbc News , Sydney

Australia's borders remain quite closed, the in-and Out - Apart from the return of citizens or for passengers with exceptional circumstances. And the comments from Qantas today tell.

With grounding to the majority of The International fleet "for at least The Next Year ," the airline is clearly not expected to open international borders in a meaningful way until at least June 2021.

Should be spoken the much-about the trans-Tasman bubble between Australia and New Zealand to open up, Qantas is certainly a part of it.

But for non-Australians in the hope of a family pack to visit Abroad or for the Aussies eyeing a holiday to Bali - There are no need to the Pass for a while yet.

of course, today, the biggest thoughts go Out to the 6,000 or so Qantas employees who will lose their jobs, and the 15,000 employees who remain to Stand down.

Mr. Joyce's hope is full on the half of this last group back to the airline to help run domestic routes, the fly, until The End of the Year on the back of ramped up demand, this huge country. To allow that hinges on Australia's States, the opening of borders to travel freely.

And that depends on Australia Covid-19 does not hold well under Control - so outbreaks like The One that we see now in Melbourne The Norm .

The airline said that its massive loyalty program - the 13 million members, or about half of Australia's population - would be his best hope of recovery, while the borders remain closed.

Australia's other large carriers, and is currently in a sale process.

The International Air Transport Association (IATA) - The Peak body for Airlines , has warned that the global airline has seen revenue, a 55% decline to 2019 levels. IATA says it will take More Than three years for worldwide travel back to the Year 2019 levels.

Aviation industry analyst Shukor Yusof of Endau Analytics warned that the worst is yet to come for The World of Airlines , such as the effect of the coronavirus.

"The Crisis is deeper and broader than what many think it is, and it will have a debilitating effect on the industry. We will see, is only the beginning of what is going on, will recover at least 12 to 18 Months of pain and suffering before the Airlines slowly. "

you Have been affected by the Qantas job losses? Share your story by E-Mail.

Please enter a phone number to talk if you are willing to have a journalist of The Bbc .

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coronavirus pandemic, australia, air travel, qantas

Source of news: bbc.com

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