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
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 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
Fiji Airways has posted a double-digit increase in first half profit despite pressure on its Australian routes. The airline group, which covers Fiji Airways, Fiji Link and other subsidiaries, reported operating profit of FJ$17.5 million for the six months to June 30 2015, up 16.5 per cent from FJ$15.4 million in the prior corresponding period
Japan’s All Nippon Airways (ANA) has unveiled two more aircraft with Star Wars liveries as part of its five-year partnership with The Walt Disney Company. A Boeing 777-300ER will feature the BB-8 droid, while a Boeing 767-300ER will feature both BB-8 and R2-D2 on the fuselage. The pair will join the previously announced R2-D2 Boeing 787-9
Sydney Airport’s plans to create two integrated terminal precincts each capable of handling both international and domestic services has taken a step forward with the buyback of Qantas’s lease over Terminal 3. Although there will be no change to the existing arrangements – with international flights at the western side of airport at Terminal 1 and
