Downgrade likely for Qantas profit as flights cut
July 19, 2008
QANTAS'S profit next year is expected to be slightly less than the $558 million investors had expected after the airline revealed that promised growth in flights would not occur.
Qantas cuts 4 pct of workforce, prunes growth plan (Reuters)
Reuters - Australia's top airline, Qantas Airways Ltd , will cut 4 percent of its workforce and scrap its growth plan for the coming year, saying the business would be at risk if it fails to offset soaring fuel prices.
Qantas jet lands with gaping hole in fuselage (AP)
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling as debris flew through the cabin from a hole that had suddenly appeared in the floor.
Qantas shares rise marginally
Shares in Qantas rose marginally on Friday after the airline said it would cut 1,500 jobs from its workforce as it battles rising costs.
Qantas passenger revenues up 4.3%
Qantas says its May group passenger numbers increased by 3.9 per cent over the previous year.
Qantas gets more passengers
Qantas says its passenger numbers in May increased by 3.9% over the previous year.
Qantas names new chief
Qantas names Alan Joyce, the head of its Jetstar offshoot, as chief executive of the airline group.
Qantas reports strong fare sales in US
Qantas is reporting strong fare sales to US tourists and business travellers, despite a fortnight of bad press.
Turmoil for Qantas as craft grounded
QANTAS yesterday grounded a 747 aircraft because a crucial piece of equipment needed urgent maintenance, leaving the plane's tail at risk of breaking away.
Qantas jet lands with gaping hole in fuselage (AP)
AP - The 346 passengers were cruising at 29,000 feet Friday when an explosive bang shook the Qantas jumbo jet. The plane descended rapidly. Oxygen masks dropped from the ceiling as debris flew through the cabin from a hole that had suddenly appeared in the floor.
Qantas names Jetstar's Joyce to replace Dixon as CEO (Reuters)
Reuters - Qantas Airways Ltd said on Monday Alan Joyce will take over as chief executive, taking the baton from Geoff Dixon who steps down after a string of belt tightenings as world airlines battle soaring fuel bills.
Qantas flies around strife
QANTAS's share price fell to its lowest level in almost two years yesterday as a prolonged and bitter pay dispute continued to hurt the airline.
Qantas jumbo to debut in October
Qantas has confirmed its new A380 super jumbo will make its debut flight for paying passengers on October 20.
Qantas full-year profit up 44%
Qantas has increased its full year profit by 44.1 per cent but says it is starting to feel the effect of higher fuel costs amid an uncertain economic outlook.
Qantas profit up but outlook uncertain
Qantas expects a 41 per cent fall in profit this financial year as the airline faces the headwinds of rising fuel costs and a slowing global economy.
Jetset to merge with Qantas
Jetset Travelworld Ltd is set to merge with Qantas Airways' travel businesses after Jetset shareholders approved the deal on Thursday.
07/17/08
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A year on, small joy for Qantas
It is doubtful many Qantas shareholders will celebrate the first anniversary of the collapse of the $11.1 billion bid for the carrier.
Qantas CEO retires, replaced by Jetstar CEO Joyce (Reuters)
Reuters - Qantas Airways Ltd Chief Executive named Alan Joyce as its new chief executive on Monday, with Geoff Dixon retiring after eight years heading Australia's largest airline.
Qantas Probe Focuses on Cylinder
Investigators suspect that an oxygen bottle exploded and punched a 9-foot-long hole in the fuselage of a Qantas jet. Now, Boeing is considering stepped-up inspections of such pressurized cylinders on some other Boeing 747 aircraft.
Qantas hedges on repairs spin-off
QANTAS has not ruled out spinning off its maintenance operations after announcing the sale of a 50 per cent stake in its Melbourne Jet Turbine Services to Lufthansa Technik for...
Qantas won't bow to striking engineers
Chief executive Geoff Dixon vows to "wait this one out'', as Qantas engineers stop work.
05/29/08
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Qantas, No Longer Hopping Along, Lops...
Australia's flag carrier, after five years of expansion on domestic and international routes, is forced by fuel costs to cut staff and trim unprofitable routes.
Qantas Wields The Axe
Aussie airline to cut 1,500 employees, put expansion plan on hold.
Qantas to cut 1,500 jobs worldwide to...
Qantas Airways Ltd., Australia's flagship carrier, announced Friday it was slashing its work force by 1,500 people worldwide and abandoning plans to hire 1,200 more as it tries...
Qantas Airways to cut 1,500 jobs...
Qantas Airways Ltd., Australia's flagship carrier, said Friday it will slash 1,500 jobs worldwide and abandon plans to create 1,200 more as it tries to deal with skyrocketing...