Just in via Sky News:
Qantas has requested a trading halt ahead of an announcement to axe 6,000 jobs – 20% of the workforce. This comes as the global aviation industry is facing three years of disruptions from COVID-19.
The company is expected to announce that a further 15,000 employees will remain stood down until further notice.
The company is also planning to raise $1.9 billion in equity to help it continue flying.