Latest / The Front / Qantas to slash flights and lift prices

Transcript

Qantas to slash flights and lift prices · The Front

• 0:01
  Speaker 1: Today's because News from the Australian. I'm Claire Harvey with
• 0:04
  Speaker 1: the Front's afternoon headlines. Quantus is slashing flights and lifting
• 0:10
  Speaker 1: prices and will suspend several regional routes in its response
• 0:14
  Speaker 1: to the fuel crisis triggered by the war in Iran.
• 0:17
  Speaker 1: The airline will spend an extra eight hundred million dollars
• 0:20
  Speaker 1: more than it had planned on fuel in the second
• 0:22
  Speaker 1: half of this financial year, up to a total of
• 0:25
  Speaker 1: three point three billion dollars that will likely hit profits,
• 0:29
  Speaker 1: with Quantus warning shareholders in a statement to the Stock
• 0:32
  Speaker 1: Exchange it's expecting a five hundred million dollar downgrade in
• 0:35
  Speaker 1: full year profit. International affairs are already up and domestic
• 0:39
  Speaker 1: prices will be next. Quantus said both Quantas and Jetstar
• 0:43
  Speaker 1: will cut capacity by five percent in May and June,
• 0:46
  Speaker 1: mainly by reducing flights on capital city routes, but also
• 0:50
  Speaker 1: suspending some fares, including Melbourne to Hamilton Island, Darwin to
• 0:54
  Speaker 1: the Gold Coast and the Adelaide to Mount Gambia. Service
• 0:57
  Speaker 1: will be indefinitely parked. All the air strikes on Iran
• 1:01
  Speaker 1: began in February. Quantus was set up for a great
• 1:04
  Speaker 1: year with record underlying half year profit of one point
• 1:07
  Speaker 1: four to six billion dollars and after tax profit of
• 1:10
  Speaker 1: nine hundred and twenty five million. Quantus Cheres dipped slightly
• 1:14
  Speaker 1: on the news on Tuesday morning. Iran was willing to
• 1:18
  Speaker 1: cut its nuclear program, but only for five years and
• 1:22
  Speaker 1: not the twenty year pause demanded by J. D. Vance.
• 1:25
  Speaker 1: That's the latest out of the stalled peace talks, where
• 1:28
  Speaker 1: Iranian negotiators and the Americans were unable to come to
• 1:32
  Speaker 1: an agreement. Donald Trump has repeatedly said Tehran can never
• 1:36
  Speaker 1: be allowed to have a nuclear weapon, and has been
• 1:39
  Speaker 1: harshly critical of a deal struck by former President Barack
• 1:42
  Speaker 1: Obama which delayed Iran's uranium enrichment program in return for
• 1:47
  Speaker 1: lifted sanctions. But now it appears Trump's line might be
• 1:50
  Speaker 1: softer than his public pronouncements would suggest. The US reportedly
• 1:55
  Speaker 1: wanted Iran to offload all its supplies of enriched uranium,
• 1:59
  Speaker 1: which has been processed in centrifugias to increase its concentration
• 2:03
  Speaker 1: of the isotope uranium two three five. Uranium has to
• 2:07
  Speaker 1: be enriched to be useful in fuel production and highly
• 2:10
  Speaker 1: enriched for nuclear weapons. The news comes as Donald Trump
• 2:14
  Speaker 1: launches a naval blockade of the Strait of Hormuz and
• 2:17
  Speaker 1: warns any Uranian ships would be quote eliminated using the
• 2:21
  Speaker 1: same system of kill that we use against the drug
• 2:24
  Speaker 1: dealers on boats at sea. It is quick and brutal.
• 2:29
  Speaker 1: The Duke and Duchess of Sussex, Prince Harry and his
• 2:32
  Speaker 1: wife Meghan, have arrived in Melbourne, the first stop on
• 2:34
  Speaker 1: their whirlwind four day visit to Australia. The royals visited
• 2:38
  Speaker 1: the Royal Melbourne Children's Hospital on Tuesday and will attend
• 2:41
  Speaker 1: a handful of other engagements in Sydney and Melbourne that
• 2:44
  Speaker 1: includes a headline appearance for Megan at a retreat hosted
• 2:47
  Speaker 1: by Dumped radio host Jackie Henderson. A VIP ticket to
• 2:51
  Speaker 1: the sold out Her Best Life retreat cost around three
• 2:55
  Speaker 1: two hundred dollars and a god attendees a photo with Megan,
• 2:58
  Speaker 1: along with a gala dinner, oga sessions and luxury accommodation.
• 3:02
  Speaker 1: The Sussexes arrived in Melbourne on a commercial Quantus flight.
• 3:08
  Speaker 1: You can check out those stories live right now at
• 3:11
  Speaker 1: the Australian dot Com dot au and come back to
• 3:13
  Speaker 1: the front first thing in the morning for a close
• 3:15
  Speaker 1: look at the shakeup, hoping to prepare the Australian Defense
• 3:18
  Speaker 1: Force for the next war that's right here, Wednesday morning,