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QantasAirways

News

Reuters - 4 days ago

Australia greenlights third runway for Melbourne airport; seeks to manage noise impact

UPDATE 2-Australia greenlights third runway for Melbourne airport; seeks to manage noise impact Third runway to boost Victoria economy by $4 bln a year Move is focussed on needs of local community - minister Updates with further details in paragraph 5 and response from industry body in paragraphs 10-12, updates Virgin Australia comment in paragraph 9 By Rishav Chatterjee Sept 13 (Reuters) - Australia's Melbourne Airport on Friday received a long-awaited approval to build a third runway, with the
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Reuters - 1 week ago

Australia's Qantas gains; Jarden positive on earnings momentum, sentiment

BUZZ-Australia's Qantas gains; Jarden positive on earnings momentum, sentiment ** Shares of Australia's Qantas Airways QAN.AX rise as much as 0.7% to A$6.79 ** Improving earnings momentum and sentiment can underscore QAN's P/E multiple re-rating, Jarden analysts say ** Brokerage sees multiple items in company and market outlook, which can provide a
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Reuters - 3 weeks ago

Street View: Australia's Qantas' loyalty program to soften potential earnings volatility

BUZZ-Street View: Australia's Qantas' loyalty program to soften potential earnings volatility ** Qantas Airways QAN.AX reported a 16% drop in its annual profit on Thursday , but announced an additional share buyback of A$400 mln($271.88 mln) ** Shares of the airline rose as much as 1.6% during the day ** QAN did not announce dividend for a fifth st
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Reuters - 3 weeks ago

Australian flag carrier Qantas slips on bleak outlook, lower annual profit

BUZZ-Australian flag carrier Qantas slips on bleak outlook, lower annual profit ** Shares of Qantas Airways QAN.AX fall as much as 1.4% to A$6.23, posting their biggest intraday pct drop since Aug. 8 ** Shares hit their lowest since Aug. 23 ** Co reports 16% fall in underlying profit before tax for fiscal 2024, in line with a Visible Alpha consensu
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Reuters - 3 weeks ago

Australian shares slip as miners drag; investors assess inflation data

Australian shares slip as miners drag; investors assess inflation data Aug 29 (Reuters) - Australian shares slipped lower on Thursday, dragged by losses in miners, after investors reeled back from interest rate cut hopes as local inflation data remained above forecasts for July. The S&P/ASX 200 index .AXJO fell 0.5% to 8,034.7, as of 0048 GMT. The benchmark ended flat on Wednesday.
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Reuters - 3 weeks ago

Qantas Says Same Job Same Pay Agreement Reached With FAAA

BRIEF-Qantas Says Same Job Same Pay Agreement Reached With FAAA Aug 29 (Reuters) - Qantas Airways Ltd QAN.AX : SAME JOB SAME PAY AGREEMENT REACHED WITH FAAA EXPECTS GROSS COST IMPACT OF PROPOSED CHANGES IN FY25 TO BE AROUND $A60 MILLION OTHER BUSINESSES WITHIN GROUP ARE CURRENTLY REVIEWING MORE RECENT APPLICATIONS MADE BY FAAA AND TWU IN RELATION T
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Reuters - 3 weeks ago

Qantas announces $271 mln share buyback plan despite annual profit dip

UPDATE 3-Qantas profits dip as fares fall, announces further share buy-back 16% fall in underlying profit, but sees stable travel demand Further $400 mln share buy-back plan, no dividend for fifth year Qantas strikes new pay deal with union for international crew Adds bullets, detail on union deal, writes through By Roushni Nair and Lisa Barrington Aug 29 (Reuters) - Australia's Qantas Airways QAN.AX announced an additional share buyback on Thursday but no dividend for the fifth year, as the air
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Reuters - 3 weeks ago

Qantas profits dip as fares fall, announces further share buy-back

UPDATE 3-Qantas profits dip as fares fall, announces further share buy-back 16% fall in underlying profit, but sees stable travel demand Further $400 mln share buy-back plan, no dividend for fifth year Qantas strikes new pay deal with union for international crew Adds bullets, detail on union deal, writes through By Roushni Nair and Lisa Barrington Aug 29 (Reuters) - Australia's Qantas Airways QAN.AX announced an additional share buyback on Thursday but no dividend for the fifth year, as the air
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Reuters - 3 weeks ago

Australia's Qantas annual profit falls 16%, announces additional $271 mln buyback

Australia's Qantas annual profit falls 16%, announces additional $271 mln buyback Aug 29 (Reuters) - Qantas Airways QAN.AX on Thursday posted a 16% drop in annual underlying profit, hurt by high fuel costs and lower fares, even as the Australian flagship carrier announced an additional share buyback of up to A$400 million ($271.36 million). The airline's underlying profit before tax fell 16% from the prior year to A$2.08 billion for the 12 months ended June 30, in line with a Visible Alpha conse
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Reuters - 4 weeks ago

Australia, New Zealand corporate earnings week ahead

DIARY-Australia, New Zealand corporate earnings week ahead Aug 23 (Reuters) - Diary of Australia and New Zealand (.AXJO, .NZ50) corporate earnings for the week ahead AUSTRALIA & NEW ZEALAND EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 26-Aug-2024 BMO ZIP.AX Zip Co Ltd Full Year 2024 Zip Co Ltd Earnings Release 26-Aug-2024 BMO JLG.AX Johns Lyng Group Ltd Full Year 2024 Johns Lyng Group Ltd Earnings Release 26-Aug-2024 22:30 BHP.AX BHP Group Ltd Full Year 2024 BHP Group Ltd Ear
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Reuters - 4 weeks ago

Australian competition regulator to monitor domestic air fares

UPDATE 1-Australian competition regulator to monitor domestic air fares Adds details on Regional Express and Bonza in paragraphs 2 and 3, quote in paragraph 4 Aug 22 (Reuters) - Australia's competition regulator said on Thursday it will closely monitor domestic air fares between metropolitan cities after local carrier Regional Express REX.AX withdrew from the market last month as it entered voluntary administration.
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Reuters - 1 month ago

Australia to guarantee regional flights on stricken airline Rex

Australia to guarantee regional flights on stricken airline Rex By Alasdair Pal SYDNEY, Aug 15 (Reuters) - Australia will guarantee flights on Regional Express Holdings REX.AX airline for those booked on regional routes, but not between state capitals, the transport minister said on Thursday, weeks after it entered administration and cut hundreds of jobs.
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Reuters - 1 month ago

BHP, Rio Tinto, Qantas to invest $53 mln in Australian carbon credit fund

BHP, Rio Tinto, Qantas to invest $53 mln in Australian carbon credit fund SYDNEY, Aug 12 (Reuters) - BHP BHP.AX , Rio Tinto RIO.AX and Qantas QAN.AX will invest a total of A$80 million ($52.7 million) as early-stage investors in an Australian carbon credits fund that aims to invest in land reforestation projects, according to statements from the fund and the companies on Monday.
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Reuters - 1 month ago

Rio Tinto, BHP And Qantas Invest In Silva Carbon Origination Fund

BRIEF-Rio Tinto, BHP And Qantas Invest In Silva Carbon Origination Fund Aug 12 (Reuters) - Rio Tinto RIO.AX : RIO TINTO, QANTAS AND BHP COMMIT A$80M AS FOUNDATION INVESTORS (CORRECTS CURRENCY TO A$ FROM $) FUND AIMS TO RAISE A$250 MILLION, WITH A$80 MILLION ALREADY COMMITTED BETWEEN RIO TINTO, QANTAS AND BHP AS FOUNDATION INVESTORS RIO TINTO, BHP A
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Reuters - 1 month ago

Foreign airlines lose interest in China as domestic carriers expand abroad

ANALYSIS-Foreign airlines lose interest in China as domestic carriers expand abroad British Airways suspends London-Beijing route Need to bypass Russian airspace hurts many foreign carriers Chinese airlines gaining international market share By Lisa Barrington SEOUL, Aug 9 (Reuters) - Chinese airlines are gaining market share on international routes, industry data shows, as foreign rivals are deterred by weak China travel demand and rising costs and extended flight times because of the need to a
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Reuters - 1 month ago

Wall Street Journal - Aug 8

PRESS DIGEST -Wall Street Journal - Aug 8 Aug 8 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - The astronauts who flew to orbit on Boeing's BA.N Starliner spacecraft could remain at the International Space Station until 2025, while Boeing has vouched for the craft, NASA officials are working on backup plans that depend on SpaceX.
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Reuters - 1 month ago

Qantas slashes former CEO's exit pay after damning governance report

UPDATE 2-Qantas slashes former CEO's exit pay after damning governance report Writes through with details from external review of Qantas By Byron Kaye and Rishav Chatterjee Aug 8 (Reuters) - Australia's Qantas QAN.AX said it was cutting its former CEO's exit bonuses by A$9.3 million ($6 million) after an external review found him responsible for measures alienating travellers, employees and shareholders in the COVID era and beyond.
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Reuters - 1 month ago

Qantas Announces John Mullen Will Assume Role Of Chairman

BRIEF-Qantas Announces John Mullen Will Assume Role Of Chairman Aug 8 (Reuters) - Qantas Airways Ltd QAN.AX : JOHN MULLEN WILL ASSUME ROLE OF CHAIRMAN Further company coverage: QAN.AX
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Reuters - 1 month ago

Australia looks to overhaul slot rules at Sydney airport to boost competition

Australia looks to overhaul slot rules at Sydney airport to boost competition SYDNEY, Aug 5 (Reuters) - The Australian government said on Monday it would introduce rules to free up more takeoff and landing slots at Sydney airport, and make it easier for new airlines to get slots as it looks to boost competition at the country's busiest airport. The move comes roughly a week after airline Regional Express Holdings REX.AX cut hundreds of jobs after it entered voluntary administration, the second s
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Reuters - 2 months ago

Australia airline Rex cuts jobs, cancels flights after calling in administrators

UPDATE 3-Australia airline Rex cuts jobs, cancels flights after calling in administrators Adds investor information in paragraphs 6 to 8; context in paragraphs 12 to 15 and paragraph 23 By Lewis Jackson and Lisa Barrington SYDNEY, July 31 (Reuters) - Australian airline Regional Express Holdings REX.AX will cut hundreds of job after it entered voluntary administration, the second small airline to do so this year, in a move that will further concentrate the country's aviation market.
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