Feb. 21 (Bloomberg) — Qantas Airways Ltd., Australia’s biggest airline, forecast an increase in business class fares as demand recovers after a global travel slump.
“We are seeing the business market demand improve,” Alan Joyce, chief executive officer of Sydney-based Qantas, told Sky News Business today. “The economics will have to change and fares, particularly [...]
Qantas says it makes no apology for taking a hard line against this morning’s industrial action at five airports around the country.
The airline has docked four hours’ pay from union members who walked off the job this morning in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Transport Workers Union (TWU) says the strikers may have gone [...]
THE ASX had dropped one per cent lower at noon, weighed down by the banks and following a weak lead from Wall Street.
At 12.05 pm, the benchmark S&P/ASX200 index was down 49.4 points, or 1.02 per cent, at 4,787.0, while the broader All Ordinaries fell 47.6 points, or 0.98 per cent, to 4,795.0 points.
On [...]
Between 2001 and his retirement in 2009, Geoff Dixon was, in cash terms, the highest paid airline executive in the world. In 2008, shortly before his retirement, Dixon was paid $12.1 million. This included a “retention payment” of $4.5 million. Clearly, the retention payment did not have the desired effect with Dixon’s services retained for [...]
A QANTAS board decision to hand $31 million to departing executives — including a whopping $10.7 million to former chief executive Geoff Dixon — has been branded an “outrage and breathtakingly arrogant” by the airline’s biggest union.
The Australian Services Union accused the airline of pay discrimination, saying members working frontline jobs were having shifts changed [...]
