Confronting the Qantas Group’s “confronting” loss
Three times during Thursday’s annual results press conference, CEO Alan Joyce used the term “confronting” to describe the Qantas Group’s $2.8 billion net loss for the 2013-14 financial year. “It has absolutely been the most challenging environment that we’ve faced, and the results as a result have been confronting,” Joyce told journalists at Qantas’s Mascot
Qantas, Jetstar domestic “in all likelihood” only profitable Australian domestic airlines
Qantas says its group domestic operations – Qantas Domestic (including QantasLink) and Jetstar – have posted an underlying EBIT of “just below” $50 million for the 2014 financial year, which CEO Alan Joyce says makes them “in all likelihood, the only profitable airlines in the domestic market”. While the Qantas accounts do not break out Jetstar’s domestic and
Flight Centre says airfares fell 3.5pct over past year
Australia’s largest travel group says the cheapest advertised fares to the top 10 international destinations are down a little over three per cent from a year ago as airlines compete for passengers amid a soft leisure market and weak consumer confidence. Flight Centre’s analysis showed ticket prices to Asia and Europe had fallen over the
Jetstar takes seventh 787
Jetstar has taken delivery of its seventh Boeing 787, with the arrival of VH-VKG in Cairns on Tuesday afternoon. Operating as JQ7992, the aircraft departed Paine Field at 10:26am on Monday, touching down in Cairns 13 hours and 47 minutes later at 5:13pm on Tuesday. VKG’s arrival comes barely a week after the airline’s sixth
Air New Zealand has posted a strong rise in full year net profit and expects to grow capacity and profits in 2014/15. The Kiwi flag carrier reported net profit after tax of $NZ262m ($A235m) for the 12 months to June 30 2014, up 45 per cent from $NZ181 million in the prior corresponding period. It
Virgin Australia hopes an improved online check-in system will save passengers time and will be more user-friendly. The airline unveiled a new check-in system for domestic flights on Tuesday for use on smartphones, tablet devices and computers. Virgin says passengers will be able to “check-in faster, with a more streamlined process that reduces the number of steps
