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 was ranked Australia's most on-time domestic airline in October after a difficult year marred by cancelled flights, poor customer service, lost luggage and frequent delays. Qantas' profit expectations have soared by $150million since October due to demand from travellers Qantas chief executive Alan Joyce will pocket $4m in shares on top of his $2m-plus salary Its cancellation rate of flights dropped to 1.2 per cent last month, compared to rivals Virgin Australia, which binned 3.6 per cent.

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History of this topic

Qantas facing multi-million-dollar compensation bill for illegally sacking 1,700 workers in 2020, Federal Court rules
2 months, 3 weeks ago

Qantas facing multi-million-dollar compensation bill for illegally sacking 1,700 workers in 2020, Federal Court rules

ABC  

Qantas is facing a multi-million-dollar compensation bill after it illegally sacked hundreds of workers during the COVID-19 pandemic, with the Federal Court ordering three former employees will receive a share of $170,000. At the Federal Court in Sydney on Monday, Justice Michael Lee ruled that Qantas would be required to pay varying degrees of compensation based on three "test cases". …

After Qantas lobbied against its Australian landing plan, Qatar goes the revenge route with Virgin deal
3 months, 2 weeks ago

After Qantas lobbied against its Australian landing plan, Qatar goes the revenge route with Virgin deal

ABC  

A year is a long time in politics, and long enough for the federal government to learn that Australia's one-time attachment to its national carrier has long passed. This time last year, Qatar Airways was officially knocked back from extra flights into the country "in the national interest" after some deftly handled persuasion from Qantas's then-hierarchy. For months, it has …

Major change coming to Qantas flights - and it's more bad news for some Aussie travellers
4 months ago

Major change coming to Qantas flights - and it's more bad news for some Aussie travellers

Daily Mail  

Qantas is overhauling its in-flight service for those who have special dietary requirements. The items that will now contain nuts are the diabetic meal, the non-vegetarian Hindu meal, the kosher meal, the Muslim meal, and the Jain vegetarian meal One disgruntled passenger told Daily Mail Australia the change to the gluten free meal will 'leave those with intolerances to both …

Major change coming to Qantas - and it's bad news for Aussies
4 months ago

Major change coming to Qantas - and it's bad news for Aussies

Daily Mail  

Qantas has quietly increased fees for changing or cancelling bookings for domestic flights. The increase will affect flight changes for 'Red eDeal' economy tickets, name changes and cancellations for economy 'Flex' flights' and all changes and cancellations for premium economy 'Saver' tickets. Qantas also revealed the first change for a domestic flight purchased prior to October 9 will be subject …

Qantas has revealed it paid former CEO Alan Joyce an extra $3.4 million for his last two months in the role
4 months ago

Qantas has revealed it paid former CEO Alan Joyce an extra $3.4 million for his last two months in the role

ABC  

Qantas has revealed it will pay former CEO Alan Joyce an extra $3.4 million for his last two months in the role, according to its 2024 annual report. Mr Joyce resigned from Qantas in early September last year, pulling his retirement forward by two months to allow the airline to "accelerate its renewal". Meanwhile, Qantas' new CEO Vanessa Hudson took …

Push to change Jetstar and Qantas that every passenger needs to know about
4 months, 1 week ago

Push to change Jetstar and Qantas that every passenger needs to know about

Daily Mail  

Qantas could be forced to sell its budget company Jetstar under a proposal to make room for more competition in the aviation industry. Qantas could be forced to sell its budget company Jetstar under a proposal to make room for more competition in the aviation industry If Qantas were to drop Jetstar it would create more room for a third …

Qantas financial year profit falls to $1.25 billion, as chief executive Vanessa Hudson says 'there's more work to do' to restore trust
4 months, 2 weeks ago

Qantas financial year profit falls to $1.25 billion, as chief executive Vanessa Hudson says 'there's more work to do' to restore trust

ABC  

Qantas has recorded a 28 per cent fall in its post-tax profit to $1.25 billion in the 2024 financial year, due to fares moderating, increased spending on customer initiatives and reduced freight revenue. "Looking ahead, I know the job is not done," Qantas chief executive Vanessa Hudson said at a press conference on Thursday. Qantas chief executive Vanessa Hudson said …

Former Qantas chief executive Alan Joyce's multi-million-dollar payout reduced by almost $10 million
5 months, 1 week ago

Former Qantas chief executive Alan Joyce's multi-million-dollar payout reduced by almost $10 million

ABC  

Qantas has reduced former chief executive Alan Joyce's multi-million-dollar payout by almost $10 million. Qantas paid former CEO Alan Joyce $21.4 million last financial year Photo shows Close up of Alan Joyce Former Qantas CEO Alan Joyce was paid $21.4 million in the last financial year, but more than half could be subjected to a clawback by the airline's board. …

Former Qantas boss Alan Joyce's generous remuneration package was worth millions. Here's what has been cut
5 months, 1 week ago

Former Qantas boss Alan Joyce's generous remuneration package was worth millions. Here's what has been cut

ABC  

When Alan Joyce left Qantas last year after more than two decades with the airline, he was granted a generous remuneration package worth millions. In June last year, Mr Joyce sold most of his $17 million worth of Qantas shares with the approval of the airline's board. When those additional shares and bonuses were factored in, Mr Joyce's total remuneration …

This Australian airline sold tickets for cancelled flights, now paying a hefty fine of $79 million
8 months, 1 week ago

This Australian airline sold tickets for cancelled flights, now paying a hefty fine of $79 million

India TV News  

Qantas Airways agreed to pay 120 million Australian dollars in compensation and a fine for selling tickets on thousands of cancelled flights, the airline and Australia’s consumer watchdog said on Monday. 86,000 customers affected Qantas agreed to settle the suit by paying an AU$100 million fine to the Australian government and a projected AU$20 million to more than 86,000 affected …

Qantas passengers to receive up to $450 after major blunder: How to find out if you're eligible
8 months, 1 week ago

Qantas passengers to receive up to $450 after major blunder: How to find out if you're eligible

Daily Mail  

Qantas has admitted it misled thousands of customers over flight cancellations for years and will now be forced to pay $120million in fines and compensation. Further information can be found at www.qantasremediation.deloitte.com.au Qantas will pay millions of dollars in compensation to more than 86,000 customers who made a booking on a flight two or more days after the cancellation decision …

Former Qantas CEO Alan Joyce paid $21.4 million in last financial year, $14.4 million subject to clawback by airline's board
1 year, 3 months ago

Former Qantas CEO Alan Joyce paid $21.4 million in last financial year, $14.4 million subject to clawback by airline's board

ABC  

Former Qantas CEO Alan Joyce was paid $21.4 million in the last financial year, but more than half could be subjected to a clawback by the airline's board. Key points: Alan Joyce received $21.4 million from Qantas last financial year as its CEO A short-term $2.2 million bonus has been withheld from the former CEO pending the outcome of an …

Will Alan Joyce receive his full exit bonus from Qantas or will the board make a change? Here's what we know
1 year, 4 months ago

Will Alan Joyce receive his full exit bonus from Qantas or will the board make a change? Here's what we know

ABC  

Alan Joyce has left Qantas after more than two decades at the airline, most of it spent as its chief executive. As CEO, Joyce was entitled to receive a base salary of about $2 million a year, on top of annual bonuses issued as Qantas shares, depending on his performance. Joyce also sold most of his $17 million worth of …

Qantas boss steps down early after scrutiny and legal suit on Australian airline
1 year, 4 months ago

Qantas boss steps down early after scrutiny and legal suit on Australian airline

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

The never-ending spin that protected Alan Joyce and Qantas from reality has started to unravel
1 year, 4 months ago

The never-ending spin that protected Alan Joyce and Qantas from reality has started to unravel

ABC  

Belated it may be but Alan Joyce's fall from grace is something to behold. Qantas backs down on travel credits Photo shows Close up of Qantas chief executive Alan Joyce speaking to the media at a press event. But amid all the scandal, backflips, controversy, apologies and admissions the airline's reputation had been "tarnished", Qantas's board last week proceeded with …

Alan Joyce to stand down as Qantas chief executive after tumultuous week
1 year, 4 months ago

Alan Joyce to stand down as Qantas chief executive after tumultuous week

ABC  

Alan Joyce will leave Qantas on Wednesday after a tumultuous week for the airline. Key points: Alan Joyce will step down within 24 hours He says the company must focus on its renewal Mr Joyce says he is proud of many things he did as chief executive of the airline Qantas announced his early departure saying Mr Joyce would bring …

As Alan Joyce prepares to take flight from Qantas, taxpayers are left to foot the bill
1 year, 4 months ago

As Alan Joyce prepares to take flight from Qantas, taxpayers are left to foot the bill

ABC  

This wasn't the heroic ending he envisioned. Qantas accused of 'misleading the Australian public' over flight credits Photo shows Close up of Qantas chief executive Alan Joyce speaking to the media at a press event. Qantas has reported a mammoth $1.7 billion profit after years of COVID-induced turbulence, but once-loyal customers say the airline's recent actions put it at odds …

Qantas accused of 'misleading the Australian public' after confirming $100 million worth of flight credits owed to Jetstar customers
1 year, 4 months ago

Qantas accused of 'misleading the Australian public' after confirming $100 million worth of flight credits owed to Jetstar customers

ABC  

Qantas has admitted to not disclosing the true value of unredeemed flight credits, during a fiery Senate committee hearing in Melbourne, after outgoing chief executive Alan Joyce was accused of "misleading the Australian public". Key points: Qantas boss Alan Joyce faced questions over rising profits and airfares despite growing customer dissatisfaction Jetstar CEO Steph Tully confirmed the airline owes $100 …

Qantas should not pay back taxpayers' money, says Anthony Albanese's government after the airline recorded a $2.47 billion profit
1 year, 4 months ago

Qantas should not pay back taxpayers' money, says Anthony Albanese's government after the airline recorded a $2.47 billion profit

Daily Mail  

Treasurer Jim Chalmers has hosed down suggestions Qantas should pay back money it received from the government after the airline posted record profits. But the Flying Kangaroo is under pressure in the wake of the results to pay back money it received from the federal government at the height of the Covid-19 crisis. Treasurer Jim Chalmers has hosed down suggestions …

Qantas customers say the airline's $1.7b profit result has come at the expense of their loyalty
1 year, 4 months ago

Qantas customers say the airline's $1.7b profit result has come at the expense of their loyalty

ABC  

Qantas has recorded a bumper annual profit of $1.7 billion in the last financial year, but once-loyal customers with the airline say the result is at their expense. Key points: Qantas's return to profit comes after it posted an $860 million net loss in the last financial year The airline says its profitability is due to "incredibly robust" demand for …

Qantas CEO Alan Joyce rules out paying back COVID 'bailout' as company celebrates record profits
1 year, 4 months ago

Qantas CEO Alan Joyce rules out paying back COVID 'bailout' as company celebrates record profits

ABC  

Three years ago, Qantas A380 planes were gathering dust in the Mojave Desert in California with the national carrier on the brink of bankruptcy. Key points: Alan Joyce said Qantas has recorded its strongest profitability ever Mr Joyce says companies like Qantas will pay more taxes as they make more money He said Qantas' support of the Voice Yes campaign …

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 names Vanessa Hudson as next CEO
1 year, 8 months ago

Qantas names Vanessa Hudson as next CEO

The Hindu  

Australian airline Qantas Group said Tuesday, May 2,2023 Chief Financial Officer Vanessa Hudson will become its next chief executive and managing director, replacing Alan Joyce in November. “There's not many female CEOs in the worldwide aviation industry and it's a credit to this country that a gay Irishman was appointed 15 years ago to be CEO of the company and …

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 half-year profit tops $1 billion as revenues triple on post-pandemic travel boom
1 year, 10 months ago

Qantas half-year profit tops $1 billion as revenues triple on post-pandemic travel boom

ABC  

Despite a return to profit, Qantas still faces the anger of passengers and frequent flyers disappointed with flight delays, lost luggage, cancellations, credits and refunds. Key points: Qantas has posted a billion dollar net profit after cumulative COVID-related losses of $7 billion The airline says strong demand, rising fares and lower costs have driven the improvement Chief executive Alan Joyce …

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 CEO Alan Joyce accused of setting 'unchallenging' goals to receive million dollar payment
2 years, 2 months ago

Qantas CEO Alan Joyce accused of setting 'unchallenging' goals to receive million dollar payment

Daily Mail  

If the airline meets these goals, CEO Alan Joyce will pocket $4million in shares Includes goals such as returning the airline to profit by end of financial year The scheme features performance targets not 'challenging', according to ISS Qantas shareholders are being urged to vote down a scheme under which CEO Alan Joyce would receive a bonus payment worth millions. …

Is Alan Joyce on his final flight? A history of the Qantas CEO's fight against everyone
2 years, 4 months ago

Is Alan Joyce on his final flight? A history of the Qantas CEO's fight against everyone

ABC  

Perhaps it's the luck of the Irish. Despite a consistent record of alienating all three key elements of the business he heads, Qantas boss Alan Joyce somehow has remained at the controls of the airline for the best part of a decade and a half, one of the longest stints in corporate Australian history. Qantas loss halved Photo shows Alan …

Qantas CEO Alan Joyce apologises for airport chaos, offers loyalty program customers $50 flight vouchers
2 years, 4 months ago

Qantas CEO Alan Joyce apologises for airport chaos, offers loyalty program customers $50 flight vouchers

ABC  

Qantas chief executive Alan Joyce has apologised to customers after months of flight cancellations, delays and luggage mishandling. Qantas said it had hired 1,500 new people since April, with a statement from the company saying there was "more to come". The union's assistant national secretary Nick McIntosh criticised Qantas for outsourcing jobs and cutting workers' hours and conditions: "This is …

Can Qantas bounce back from 'perfect storm' as delays, staff disputes, COVID and jet fuel price hit hard?
2 years, 5 months ago

Can Qantas bounce back from 'perfect storm' as delays, staff disputes, COVID and jet fuel price hit hard?

ABC  

For 30 years Tom has piloted Qantas planes all over the world and as one of the airline's most senior captains, it's been a dream career. Many Australians have felt a twinge of pride at that scene from the movie Rain Man when Dustin Hoffman's character insists to Tom Cruise that the pair can't fly unless they fly Qantas because …

Qantas cuts flights on domestic routes through to March 2023
2 years, 6 months ago

Qantas cuts flights on domestic routes through to March 2023

ABC  

Qantas will cut flights from some of its busiest Australian routes as it struggles to cope with the high cost of fuel and staffing shortages at airports. Key points: The change will impact domestic routes, not international flights Airports are struggling to secure enough workers after pandemic layoffs Jetstar boss Gareth Evans will step down in December this year The …

Qantas workers slam Australia's biggest airline: Jobkeeper, EBA, Swissport, Alan Joyce
2 years, 7 months ago

Qantas workers slam Australia's biggest airline: Jobkeeper, EBA, Swissport, Alan Joyce

Daily Mail  

Furious Qantas employees and sacked workers have lifted the lid on what it's like to work for the 'Spirit of Australia' and levelled extraordinary allegations against the airline amid a bitter court battle that could result in a multi-million dollar payout. 'The FAAA ran a scare campaign against the new deal, claiming it would mean redundancies and offshoring, despite the …

Qantas loss remains large even before Sydney lockdown, Flight Centre eyes return to profit
3 years, 4 months ago

Qantas loss remains large even before Sydney lockdown, Flight Centre eyes return to profit

ABC  

Qantas has posted another massive COVID-related loss, but is optimistic international travel will resume before Christmas. Key points: Qantas posts a $1.73 billion loss, slightly down on last year's near-$2 billion loss The airline hopes to resume flights to several key international destinations before Christmas Flight Centre also reported a smaller loss than last year, thanks to the resumption of …

Qantas warns staff to brace for standdowns if lockdowns continue
3 years, 5 months ago

Qantas warns staff to brace for standdowns if lockdowns continue

ABC  

Qantas chief executive Alan Joyce has warned staff to brace for the potential of renewed stand downs, as closed borders and lockdowns smash domestic travel. Key points: Mr Joyce says flights are now below 40 per cent of pre-COVID levels Unions are calling for JobKeeper to be reinstated However, the TWU says Qantas has already received at least $2 billion …

International Qantas workers to get government-funded wage subsidy after JobKeeper ends
3 years, 9 months ago

International Qantas workers to get government-funded wage subsidy after JobKeeper ends

ABC  

Qantas workers who usually work on international routes will receive a $500-a-week wage payment well after the JobKeeper scheme ends, under the federal government's controversial $1.2 billion aviation tourism support scheme. Key points: More than 7,000 employees will receive the payment until October More than 7,000 employees will receive the payment until October Virgin will also receive funding to train …

Qantas expects to start international flights in October
3 years, 10 months ago

Qantas expects to start international flights in October

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Qantas Airways does not expect …

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 …

Expert reveals how to make money during COVID-19 by buying Australian shares
4 years, 2 months ago

Expert reveals how to make money during COVID-19 by buying Australian shares

Daily Mail  

A record economic downturn and the harshest travel restrictions since World War II are the ultimate time to invest in shares. A record economic downturn and the harshest travel restrictions since World War II are the ultimate time to invest in shares Qantas Greg Smith, the head of research with funds manager and share market advisory group Fat Prophets, said …

Qantas Just Eight Weeks Away From Running Out of Money Following Massive Losses Due to Covid-19
4 years, 3 months ago

Qantas Just Eight Weeks Away From Running Out of Money Following Massive Losses Due to Covid-19

News 18  

A Sydney court heard on Monday that Australia’s flag carrier Qantas was just eight weeks away from running out of money due to massive losses incurred in the wake of the coronavirus pandemic. The airline was taken to the Federal Court by the Australian Licensed Aircraft Engineers Association, which has challenged the legality of terminating about 450 Qantas and Jetstar …

Qantas Slashes 2,500 More Ground Crew Jobs in a Bid to Cut Costs Amid Covid-19 Crisis
4 years, 4 months ago

Qantas Slashes 2,500 More Ground Crew Jobs in a Bid to Cut Costs Amid Covid-19 Crisis

News 18  

Australian flag carrier Qantas on Tuesday announced another 2,500 job cuts as it plans to outsource ground handling services at major airports. Qantas said it is proposing to outsource various ground operations roles, including baggage handlers, aircraft cleaners and bus drivers, impacting nearly 2,500 roles in total, reports Xinhua news agency. The airline has already flagged 6,000 job losses in …

Qantas records $2b loss as revenue hit by first few months of coronavirus pandemic
4 years, 4 months ago

Qantas records $2b loss as revenue hit by first few months of coronavirus pandemic

ABC  

Qantas has recorded a $2 billion loss, with the coronavirus pandemic slashing its full-year revenue by 21 per cent. Key points: Qantas reports a $1.96 billion loss, down from last year's $840 million profit The airline says 4,000 of 6,000 planned redundancies will be completed by the end of September Qantas still expects international flights to be on hold until …

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 …

Controversy and challenges at Qantas are nothing new under Alan Joyce
4 years, 6 months ago

Controversy and challenges at Qantas are nothing new under Alan Joyce

ABC  

In its 100 years, Qantas has never experienced a crisis like this — and it's familiar with crises. Key points: Qantas has weathered a series of major events and catastrophes in its 100-year history Since Alan Joyce became chief executive in 2008, he has faced multiple challenges Coronavirus shapes as the company's biggest test, analysts say When Qantas chief executive …

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 …

Qantas to cut at least 6,000 jobs as part of coronavirus recovery plans, Alan Joyce reveals
4 years, 6 months ago

Qantas to cut at least 6,000 jobs as part of coronavirus recovery plans, Alan Joyce reveals

ABC  

Qantas will cut at least 6,000 jobs across all parts of the business as part of its long-term response to the coronavirus pandemic and will not resume substantial international travel until July 2021. Key points: Qantas is sacking at least 6,000 workers and will continue to stand down a further 15,000 while international travel bans remain in place The airline …

Qantas job cuts: Your questions answered
4 years, 6 months ago

Qantas job cuts: Your questions answered

ABC  

This morning, we found out that at least 6,000 jobs would be permanently lost from Qantas as a result of the financial crisis brought about by the coronavirus pandemic. "That's why the names are not picked and that will take us a few months to get through that," Qantas Group chief financial officer Vanessa Hudson said. As for the 6,000 …

Qantas cuts show how slow the economy's recovery from coronavirus will be
4 years, 6 months ago

Qantas cuts show how slow the economy's recovery from coronavirus will be

ABC  

If you thought the coronavirus crisis was going to be short, sharp and over soon, Qantas CEO Alan Joyce has a message for you. The Qantas boss is more optimistic about domestic travel, expecting that to get back up to 70 per cent of pre-pandemic levels this financial year, and totally back to normal by 2021-22. Yet the Qantas management …

Australian share market rises as Qantas shares rally, Wall Street rebounds on tech gains
4 years, 8 months ago

Australian share market rises as Qantas shares rally, Wall Street rebounds on tech gains

ABC  

The Australian share market has closed higher, led by energy stocks, while Qantas shares rose after the airline took on more debt to get through the coronavirus crisis. Key points: The Australian share market has opened higher, led by the energy sector The Australian share market has opened higher, led by the energy sector Qantas shares have rallied after it …

Virgin Australia seeks $1.4 billion coronavirus bailout, Qantas says if that happens, it wants $4.2 billion
4 years, 9 months ago

Virgin Australia seeks $1.4 billion coronavirus bailout, Qantas says if that happens, it wants $4.2 billion

ABC  

Virgin Australia has lifted out of a temporary trading halt, after confirming reports that it has asked the Federal Government for a $1.4 billion loan to help it through the coronavirus crisis. Key points: Qantas says if Virgin Australia gets $1.4 billion from the Government, it should get $4.2 billion There is speculation a bailout could involve the Government becoming …

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