Thursday’s profit result was pretty anemic. At a time when Australia’s banks and Telstra are posting multi-billion dollar profits, Qantas barely broke even, with a $6 million after tax profit. That is a tiny margin on almost $16 billion in revenue, and a world away from the heady days of mid last decade when Qantas
Qantas revealed an all-new business class that will be fitted to all its international and domestic Airbus A330s from late 2014, as well as new economy class seats for its 10 international A330-300s, “refreshed” economy class seats for 20 domestic A330-200s, and new interiors for five Boeing 717s to be deployed on Canberra services. The
Qantas has announced the sale of its wholely owned subsidiary Qantas Defence Services (QDS) to Northrop Grumman Australia as part of its full-year results. The $80 million sale includes the business and other related assets. QDS provides maintenance and engineering services on aircraft and engines to government and military customers and engineering consultancy services to
Qantas has posted a modest profit after tax of $6 million and a near $100 million increase in underlying profit before tax from $95 million to $192 million for the 2012-13 financial year. Revenue growth was up barely one per cent to $15.9 billion. “This result shows good progress in the Group’s strategy against a
Air New Zealand has posted a before tax profit of NZ$256 million, the airline’s best profit result in five years. Net profit after tax profit grew 156 per cent of NZ$183 million. The big leap in profit came in a more modest three per cent increase in revenue to NZ$4.6 billion. “This result is one
Competition on services between Malaysia and Australia continues to intensify with Malaysia Airlines announcing it will increase its frequency to Sydney to triple daily from February 5. Last week Air Asia X said it will increase capacity to twice daily later this year. Malaysian’s third daily service between Sydney and Kuala Lumpur using A330-300s will
