IAG is considering several ways to raise cash while global travel remains subdued, including possible asset disposals, according to people familiar with the matter. The British Airways owner is working with advisers on a strategic review of its portfolio that could lead to stake sales, partnerships and joint ventures, the people said. Potential assets that could theoretically be used to raise funds include planes, IAG’s frequent-flier program and its cargo unit. Any sales could help bolster the company’s balance sheet and would likely draw other industry players and investment funds, according to the people, who asked not to be identified discussing confidential information. Deliberations are at an early stage, no final decision has been made and IAG could still decide against any disposals or partnerships, the people said. A representative for IAG declined to comment.<br/>
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Royal Jordanian has turned in full-year net losses of JD74.2m ($105m), less than half the JD161m figure of the previous year. The airline transported some 1.6m passengers, double the number from 2020. This enabled it to increase revenues to JD357m. But the company’s expenditure increased at a faster rate than revenues, reaching JD370m. Royal Jordanian says it has taken “several measures to reduce costs”, including negotiating with aircraft lessors and utilising social security programmes in regards to employees’ salaries. Accumulated losses to the end of 2021, it says, reached JD321 million, representing 99% of the company’s capital. Jordan’s securities commission approved an increase in capital of JD50m for the airline in December last year. This followed authorisation for a similar previous capital raise, in two tranches of JD25mi, completed in Q4 2020 and Q2 2021.<br/>
Qantas is offering 20,000 workers shares worth more than A$5,000 ($3,600) if they stay at the airline for another 18 months, part of a battle to stem an outflow of staff since the pandemic. Eligible non-executive employees will receive the rights to 1,000 new Qantas shares that will convert into stock in August 2023, the airline said Thursday. Staying with the carrier until then is a key condition of the handout, which is part of a “retention and reward program,” the airline said. As the pandemic enters its third year, Qantas CEO Alan Joyce said the strain on workers and the dimming allure of aviation as a career is showing up in staff departures. Employee turnover among technology roles at Qantas, for instance, has reached 30%, Joyce said. It’s a trend being repeated across a variety of industries as the pandemic prompts millions of workers to reassess their work and its value.<br/>