Etihad Airways will add Sydney as the airline’s second Airbus A380 destination when it deploys the double-decker superjumbo to the NSW capital from its Abu Dhabi-hub on June 1 next year. The airline confirmed Sydney as the second A380 route on Wednesday, with London the inaugural city. The daily A380 service, operating as EY454 from
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 has pushed back the deadline for exercising the first of its 50 options and purchase rights for Boeing 787 Dreamliner aircraft for 12 months and confirmed it has delayed delivery of Airbus A320neos for Jetstar by four years. The airline group also plans to reduce its overall fleet to below 300 aircraft during 2014/15 as
Qantas chief executive Alan Joyce is predicting brighter skies ahead for the airline group after handing down a full year loss in excess of $2 billion for 2013/14. The $2.843 billion statutory net loss for the 12 months to June 30 2014, was impacted by writedowns to the carrying value of the Qantas’s Airbus A380,
Qantas says it will conduct a structural separation of the Flying Kangaroo’s domestic and international arms to increase the potential for future investment. The proposed new structure was announced at the airline group’s full year results presentation on Thursday, which showed a full year statutory net loss of $2.8 billion in 2013/14. The full year
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
