Archive for ‘December, 2009’

Qantas denies Rex’s ‘predatory pricing’ slur

Qantas denies Rex’s ‘predatory pricing’ slur

QANTAS has denied allegations of predatory pricing after independent regional carrier Rex announced it could no longer compete on the Mackay-Townsville route.

Rex announced on Christmas Eve it would cease its new service between Mackay and Townsville on New Year’s Day, exactly three months after it was launched in competition with QantasLink.
On December 10, Rex lodged [...]

Qantas eases US-bound security measures

Qantas eases US-bound security measures

Qantas has relaxed one of the security measures it introduced for US-bound passengers after the failed attack on an American flight on Christmas Day.

Passengers will no longer be banned from using the bathroom during the last hour of flights heading to the United States.
The decision was in line with the US homeland security department’s new [...]

Terror suspect has Aussie link

Terror suspect has Aussie link

THE Nigerian man accused of attempting to blow up a US jetliner on Christmas Day was a student at the satellite campus of an Australian university just months ago.

Umar Farouk Abdulmutallab was studying for a master’s degree at the University of Wollongong’s campus in Dubai, The Wall Street Journal reported.
Abdulmutallab took classes for about seven [...]

Security measures eased: Qantas

Security measures eased: Qantas

STRINGENT new security procedures for air travellers arriving in the United States have been eased slightly just days after their implementation, a Qantas spokeswoman says.

Following an attempt to blow up a US airliner on Friday, the government announced a tightening of security arrangements including the checking of every item of carry-on luggage, passenger pat-downs and [...]

Qantas rewarded with broker upgrades

Qantas rewarded with broker upgrades

Qantas has been awarded with a series of broker upgrades, following yesterday’s revised profit guidance.

Merrill Lynch upped the target price on the stock to 3 dollars, from $2.85.
Credit Suisse added 25 cents to its target to $3.50.
And JP Morgan, one of the more bullish brokers, raised its forecast to $3.33 from $3.02.
These upgrades came after [...]

Qantas has another A380 plane

Qantas has another A380 plane

Qantas has confirmed it will soon start flying the A380 super-jumbo from Melbourne to London.

The flying kangaroo is slowly emerging from the devastation of the global financial crisis and is beginning to return to its legacy position.
Qantas now has five of the big Airbus jets with a sixth to arrive.
The London route will fly via [...]

Qantas rewarded with broker upgrades

Qantas rewarded with broker upgrades

Qantas has been awarded with a series of broker upgrades, following yesterday’s revised profit guidance.

Merrill Lynch upped the target price on the stock to 3 dollars, from $2.85.
Credit Suisse added 25 cents to its target to $3.50.
And JP Morgan, one of the more bullish brokers, raised its forecast to $3.33 from $3.02.
These upgrades came after [...]

Qantas A380s to take the hop from Melbourne to London

Qantas A380s to take the hop from Melbourne to London

IT’LL be a scene from Upstairs Downstairs on the kangaroo route from Melbourne to London after Qantas announced it will start flying the double-decker Airbus A380 on the route from next year.

But the class war takes an egalitarian twist: 14 first class passengers will be on the lower deck with 332 economy class passengers, [...]

Veil of gloom lifts at Qantas

Veil of gloom lifts at Qantas

QANTAS has signalled that the worst of one of the most dire periods in aviation history may be behind it, issuing stronger-than-expected profit guidance and lifting seat numbers on key routes.
The airline yesterday said it would increase seat numbers by 340,000 a year over several domestic routes from March, thanks to higher demand in an [...]

Qantas boosts domestic flights

Qantas boosts domestic flights

Qantas is boosting capacity on its domestic routes as confidence returns to the Australian economy on the back of WA’s robust resources sector.

Qantas said yesterday that it would add 340,000 seats to the domestic network from March through extra services or using bigger planes.
Last month, the airline recorded a 9.7 per cent increase in passenger [...]