Singapore Airlines (SIA) says challenging market conditions and flat demand amid an uncertain global economic outlook will keep airfares under pressure in the period ahead. However, the airline group says it is in a good position to meet those challenges, given its strong balance sheet. SIA reported operating profit of S$183 million in the six
When the first reconfigured Qantas Airbus A330 rolls out of the airline’s Brisbane maintenance hangar, it will feature not just new business and economy seats but also an improved inflight entertainment system. As part of an upgrade to the A330’s IFE, passengers in both classes can enjoy a Panasonic high definition touchscreen and new graphical
Qantas says its foreign ownership level dropped five percentage points in late October, just before the airline’s annual general meeting. Foreign interests currently hold 42.8 per cent of Qantas stock, the airline said in a statement on Thursday. The figure was down from 47.8 per cent on September 17. Under listing rules, Qantas was required
Jetgo has added a third route to its fledgling regular public transport (RPT) network, with the regional carrier to start service between Tamworth and Brisbane from January 19 2015. The airline said it would offer twice daily flights between Tamworth and the Queensland capital from Monday to Friday, subject to regulatory approvals and finalising an agreement with
In a boost to North Queensland tourism, Singapore Airlines-owned regional carrier Silkair will fly to Cairns from its Singapore hub from May 30 2015. Cairns will be Silkair’s second Australian destination, following the launch of direct service to Darwin in March 2012. “This is an exciting development for SilkAir, to be able to expand our
Virgin Australia chief executive John Borghetti says government should ensure regulation does not stifle the growth and productivity of Australia’s airlines. Speaking in Canberra to the Transport and Tourism Forum leadership summit’s audience of political and industry figures, Borghetti noted airline productivity had been a key driver of the growth in Australia’s aviation industry over the
