Qantas, Flight Centre and Webjet all feel effect of Australians' travel holiday
5 years, 4 months ago

Qantas, Flight Centre and Webjet all feel effect of Australians' travel holiday

ABC  

Qantas and Australia's biggest travel agencies are feeling the brunt of a downturn in the number of Australians wanting to travel. Key points: Qantas posts a net profit of $891m, down 6.5pc last year The airline says its fuel bill rose $614m, contributing to lower earnings Qantas says there are "headwinds" in the travel market, with weakness in lower cost leisure and some business segments The nation's biggest airline, Flight Centre and Webjet all released annual results today that were negatively affected by a decline in domestic demand for leisure travel, as well as some weakness in business travel. Agents also struggle with weak leisure travel Australia's biggest travel agency Flight Centre echoed the results from Qantas, which showed pressure on the lower value domestic leisure market. Flight Centre's profit grew a meagre 0.1 per cent to $263.8 million for the year to June 30, 2019. Flight Centre rival Webjet posted a much stronger 46 per cent increase in net profit after tax to $81.3 million.

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History of this topic

Qantas Airways' international flying to be twice as lucrative in post-Covid era
1 year, 7 months ago

Qantas Airways' international flying to be twice as lucrative in post-Covid era

Hindustan Times  

Qantas Airways Ltd. said international flying will be at least twice as lucrative in the post-Covid era, thanks to new income from marathon direct flights that crisscross the world and deep cost cuts during the pandemic. Qantas Airways' international flying to be twice as lucrative in post-Covid era In its first investor day in four years, the Australian airline on …

Qantas complaints soar, as the ACCC calls on airlines to cut domestic airfares
1 year, 10 months ago

Qantas complaints soar, as the ACCC calls on airlines to cut domestic airfares

ABC  

The Australian Competition and Consumer Commission has warned airlines to cut domestic airfares, as consumers continue to pay well above 2019 prices. Key points: Domestic airfares have fallen from historic highs in December, but are still more than in 2019 The price of jet fuel was 35 per cent lower in February than in June 2022 Qantas is the most …

Qantas profit predictions soar by $150m after tough year for travellers and airline boss Alan Joyce
2 years, 1 month ago

Qantas profit predictions soar by $150m after tough year for travellers and airline boss Alan Joyce

Daily Mail  

Qantas' profit expectations have soared by $150million for the first half of 2022-23 after a tumultuous year plagued by staff sackings, service delays and being dubbed one of Australia's worst companies. Airline boss Alan Joyce has copped recent backlash after it was revealed he'll pocket $4m in shares on top of his $2m-plus salary, despite travellers' outrage at service failures. …

Qantas upgrades profit forecast by $150 million off the back of booming travel
2 years, 1 month ago

Qantas upgrades profit forecast by $150 million off the back of booming travel

ABC  

Qantas has lifted its profit forecast for the December half by $150 million, saying limited capacity for international travel is seeing more Australians holiday at home. Key points: Qantas has issued another profit upgrade, a little over a month from a previous upgrade The airline now expects to make an underlying profit of between $1.35-1.45 billion for the current half-year …

Qantas hopes to be flying internationally in October, but analyst warns US, UK may be off limits until 2023
3 years, 10 months ago

Qantas hopes to be flying internationally in October, but analyst warns US, UK may be off limits until 2023

ABC  

Qantas has posted a $1.08 billion half-year loss, following a dramatic $6.9 billion plunge in revenue due to continued travel restrictions. Key points: Qantas is expecting international travel to resume by the end of October once Australia's vaccine rollout is complete The airline is hopeful of achieving 80 per cent of pre-pandemic domestic capacity by the end of June Qantas …

Australia to stay closed until mid-2021 as Qantas sinks to huge loss
4 years, 4 months ago

Australia to stay closed until mid-2021 as Qantas sinks to huge loss

The Telegraph  

The boss of Qantas is not expecting international travel to and from Australia to restart until mid-2021 after the airline sunk to its first annual loss in six years. Alan Joyce said routes to the US could stay closed for even longer and only open to overseas airlines once a vaccine has been developed and distributed. Qantas sunk to a …

Qantas cuts 6,000 jobs and aims to raise $1.3 billion
4 years, 6 months ago

Qantas cuts 6,000 jobs and aims to raise $1.3 billion

CNN  

Hong Kong/Sydney CNN Business — Qantas is cutting 6,000 jobs and looking to raise up to 1.9 billion Australian dollars as the carrier fights to survive the coronavirus pandemic. “The Australian economy cannot afford a significant contraction of the aviation industry.” Joyce said during the company’s announcement that “the crisis has left us no choice.” “The collapse of billions of …

With 19 hours in air, Qantas to test world\'s longest flight from New York to Sydney
5 years, 4 months ago

With 19 hours in air, Qantas to test world\'s longest flight from New York to Sydney

Deccan Chronicle  

Sydney: Qantas on Thursday said it will run "ultra long-haul" test flights in the coming months from New York and London to Sydney in order to assess the health of pilots and passengers, as it eyes commercial services on the marathon routes. "Flying non-stop from the East Coast of Australia to London and New York is truly the final frontier …

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