TOKYO (MarketWatch) — International passenger traffic has climbed over the past few months, and analysts say Asia’s airlines are likely on a fast track to recovery as fare prices edge higher and as China readies for a spike in tourism fueled by the Shanghai World Expo.
“Positive traffic growth has now been recorded for the past [...]
It would have to be a relatively new chief executive’s worst nightmare; waking up one day to discover the hugely experienced colleague you beat to the job has just joined the opposition.
So it was this week when Alan Joyce learnt that John Borghetti, his one-time rival for the Qantas hot seat, will face off against [...]
QANTAS has rejected union claims that a group of female workers was sacked on the basis of gender discrimination.
Fourteen female cleaners were replaced in February by male workers who could also double as baggage handlers, their union says.
The Transport Workers’ Union today launched an application in Fair Work Australia for reinstatement saying the women had [...]
Etihad Airways chief executive James Hogan has his sights set on capturing a slice of the lucrative Australian federal government travel contract.
Mr Hogan confirmed the six-year old airline was bidding to win some of the $500 million or so that politicians, diplomats and public servants spend of flights each year and talked up Etihad’s extensive [...]
Qantas will start direct services from Melbourne and Sydney to the resources hub of Karratha in Western Australia’s Pilbara region from May.
Qantas says the additional capacity will result in 51 weekly services from four Australian capital cities including Perth.
Qantas has been operating direct Brisbane-to-Karratha services since November 2007.
The increase in flight services is a further [...]
Virgin Blue, the second largest Australian airline, today echoed the cautious outlook shared by its much larger rival Qantas, after also posting about 80% of its expecting earnings of the complete year in a return to profits during the first half of the company’s financial year.
The airline group also revealed plans to expand its domestic [...]
SYDNEY—Qantas Airways Ltd.’s fiscal first-half net profit shrank by 72% from a year earlier and it said that it won’t pay a dividend given a challenging environment, disappointing investors and sending its shares down 8.1%.
Australia’s top carrier by traffic also unveiled details of a US$360 million reconfiguration of its aircraft cabins, citing an industry shift [...]
SAN FRANCISCO (MarketWatch) — Qantas Airways Ltd. on Thursday posted results for the half-year ended in December that fell short of expectations, helping send the Australian air carrier’s shares lower.
SYDNEY—Qantas Airways Ltd.’s fiscal first-half net profit shrank by 72% from a year earlier and it said that it won’t pay a dividend given a challenging environment, disappointing investors and sending its shares down 8.1%.
Australia’s top carrier by traffic also unveiled details of a US$360 million reconfiguration of its aircraft cabins, citing an industry shift [...]
VIRGIN Blue believes a better-than-expected $62.5 million interim net profit marks a turning point for the group, and has underscored its optimism with an in-principle deal with Boeing to acquire up to 50 aircraft.
The first-half result, compared to a $101.4m net loss in the previous corresponding period, was almost three times one consensus estimate and [...]
