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.
Phones on planes, continued: The dial-high club
Mobile phones on planes may not be as annoying as some people thinkAS AIRLINES struggle with high fuel prices, they have been looking for new ways to generate "ancillary revenues". This week JetBlue, an American airline, said it would start charging $7 for a pillow and blanket on some flights. Other airlines are demanding extra to check in luggage, or for more legroom. And as the regulatory hurdles to using mobile phones on planes continue to fall, airlines are salivating at the idea of charging passengers $2.50 a minute to make calls and 50 cents for a text message.It should come as no surprise that Ryanair, the leading European low-cost carrier, which generated EURO488m ($690m) in ancillary revenue last year, is one of the most enthusiastic proponents of in-flight calling. It plans to fit its entire fleet with the necessary equipment, which is being provided by OnAir, an in-flight communications provider backed by Airbus, Europe's planemaking giant. Oman Air, TAP Portugal, bmi and AirAsia are also adopting OnAir's technology. AeroMobile, a rival technology provider, has signed up airlines including Emirates, Qantas and Turkish Airlines. ...
Qantas passenger revenues up 4.3%
Qantas says its May group passenger numbers increased by 3.9 per cent over the previous year.
Need to know: AIG to repay $85bn ......
Economics
Kelly's big gamble on debt
She is touting it as a revenue-driven acquisition but the guts of Gail Kelly's tilt at St George must be reducing competition and cutting costs.
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.
Sydney Airport H1 earnings up about 9%
Sydney Airport has posted a 9.2 per cent rise in first half earnings and says its airline clients face a challenging environment due to rising fuel costs.
Oil shock keeps our biggest guns blazing
The oil price gives and it takes away. The bright side of high oil prices for a country running an energy surplus and the companies that keep it that way was highlighted yesterday by a stunning leap in revenue for Woodside, this market's biggest oil and gas player, writes Malcolm Maiden.
Qantas gets more passengers
Qantas says its passenger numbers in May increased by 3.9% over the previous year.
Green hit for big business
SCOTT MURDOCH The burden of Labor's climate change plan will be carried by big business, particularly resources companies.
07/16/08
Similar news about Qanta Airways
What The Airline Industry May Have Up...
Consumers will wind up paying for lost airline revenues.
04/15/08
Similar news about Qanta Airways
Qantas stats show domestic numbers up
Qantas carried more domestic passengers but fewer international customers in January compared to the same month last year, the airline's traffic figures show.
Qantas domestic passengers up 2.7%
Qantas carried more domestic passengers but less international customers in January compared to the corresponding month a year ago, the airline's figures show.
Tata Consultancy's Q4 net below f'cast; sees growth (Reuters)
Reuters - Tata Consultancy Services Ltd posted a lower-than-expected rise in quarterly profit on Monday, but sounded positive on growth prospects despite worries that a weak U.S. economy would hurt outsourcing deals.
Wipro Q4 net up, but slowest growth in 5 years (Reuters)
Reuters - Wipro Ltd, India's third-largest software services exporter, posted its slowest quarterly earnings growth in about 5 years, and said it was cautious about its near-term prospects because of global market uncertainty.
Air France-KLM intensifies airlines'...
Airline executives forecast bankruptcies, job cuts and increased ticket prices
yesterday as Air France-KLM plunged the industry into further gloom with a
warning that its...
Downturn clears path for air deals
The number of corporate destinations possible for British Airways is now as
bewildering as the route map in the back of the inflight magazine.
European stocks close higher on US rally
European stocks closed higher Tuesday, tracking a U.S. rally that recovered some of the previous day's sharp losses. Asian markets closed lower earlier in the day.
European markets higher on expected...
European stocks rose modestly Tuesday as hopes of a rebound on Wall Street - following the previous day's savage retreat - helped offset an overnight slump in Asian markets.
European stock markets rise as Dow...
European stocks rose Tuesday, helped by mild early gains on Wall Street - which still only recovered a fraction of Monday's sharp losses. Asian markets closed lower.
Late Rally Powers Asian Stock Rebound
Even Korea, which showed early weakness over uncertain reaction to government's bank bailout plan, rises 2.3%, while Japan, Hong Kong and Australia all perform significantly...
Profit up for Sydney Airport operator
Sydney Airport operator Southern Cross Airports has posted a 6.8% increase in earnings for the first quarter of 2008.
Kill the competition: Buffett buy ......
Welcome to today's round-up of business news from The Times: what we're
saying, what they're saying