Air NZ flags double-digit capacity growth after reporting 24 per cent lift in full year profit
Air New Zealand has flagged further expansion into Australia and capacity growth in its home domestic market in the year ahead after reporting a hefty lift in full year net profit. The Kiwi flag carrier reported a statutory net profit of NZ$327 million for the 12 months to June 30 2015, up 24 per cent
Qantas chief executive Alan Joyce says the Boeing 787-9 Dreamliner will allow the airline to open up new direct services and boost some existing routes to daily. The company announced on Thursday it would take delivery of eight 787-9s, with the first four to join the Qantas fleet in the 2017/18 financial year and the
Cost reductions lead Qantas on the path to profitability
Qantas’s turnaround from an eye-watering $2.853 billion loss to a $557 million statutory profit represents one of the largest rebounds in Australian corporate history. And the return to profitability, along with lower debt levels, has given the airline the confidence to order new Boeing 787-9 Dreamliners, offer a $505 million capital return to shareholders and
Jetstar footprint to grow with existing franchises
Although new Jetstar franchises in Asia have been ruled out for now, Qantas chief executive Alan Joyce says there is still plenty of growth planned for Qantas’s low-cost arm. Like the rest of the Qantas Group, Jetstar posted a return to profitability in 2014/15, reporting underlying earnings before interest and tax (EBIT) of $230 million for the
Qantas orders Dreamliners, announces shareholder return and posts return to profitability
Qantas has confirmed an order for eight Boeing 787-9 Dreamliners and will return $505 million to shareholders after reporting a return to profitability in 2014/15. The airline group reported a statutory net profit after tax of $557 million for the 12 months to June 30 2015, a multi-billion dollar turnaround from the $2.853 billion loss
Virgin Australia’s new business class takes off
Virgin Australia’s first commercial service with what chief executive John Borghetti describes as the best domestic business class seat in the world has taken off. Virgin flight VA559, operated by Airbus A330-200 VH-XFH, departed Sydney Airport a little after 1300 local time on Monday bound for Perth fitted with the new cabin featuring 20 B/E
