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 A$2.7bn pre-tax loss, most of which reflected the costs of mothballing 100 aircraft and redundancy payouts following a “near-total collapse” in demand due to the pandemic. Qantas said “fast action to radically cut costs and place much of the flying business into a form of hibernation” helped minimise the financial impact of the shutdown.

Qantas Joyce  sinks  airline  qantas  loss  sunk  huge  pretax  mr  closed  vaccine  australia  crisis  stay  profit  travel  mid2021  joyce

History of this topic

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

This Australian airline sold tickets for cancelled flights, now paying a hefty fine of $79 million
7 months, 2 weeks 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
7 months, 2 weeks 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 …

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 Airways' international flying to be twice as lucrative in post-Covid era
1 year, 6 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, 7 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 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 loss remains large even before Sydney lockdown, Flight Centre eyes return to profit
3 years, 3 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 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 …

Qantas Just Eight Weeks Away From Running Out of Money Following Massive Losses Due to Covid-19
4 years, 2 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, 3 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 …

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 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 …

Australia’s Qantas cancels international flights until October. New Zealand may be the exception
4 years, 6 months ago

Australia’s Qantas cancels international flights until October. New Zealand may be the exception

CNN  

Hong Kong CNN Business — Australian flagship carrier Qantas has canceled most of its international flights for the next four months on the expectation that the coronavirus pandemic will last through most of the year. “With Australia’s borders set to remain closed for some time, we have canceled most international flights until late October,” Qantas said in a statement on …

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