Air New Zealand expects to double its earnings in the current financial year and sees significant opportunities to expand it alliance with Virgin Australia, airline officials said today as they unveiled the carrier’s annual financial results. The airline reported a net profit of NZ$71 million (A$55m) for the year ending June 30, down from NZ$81m
Virgin Australia has reported an after tax profit of $22.8 million for the last financial year and will continue to press its burgeoning fare war with Qantas by adding more domestic capacity. Virgin’s full-year profits represented a $90.6 million improvement over the previous year and came on a 20 per cent increase in revenue to
Singapore Airlines’ ‘SilverKris’ lounge at Sydney Airport will receive a makeover as the first step in a $15 million upgrade of the carrier’s worldwide airport lounges. The update comes as SIA seeks to keep ahead of growing competition from airlines based in the Middle East and elsewhere in Asia. The carrier has not released details
Cathay Pacific has named Dominic Perret its new general manager for the southwest Pacific. Mr Perret was formerly the airline’s manager of corporate sales based in Hong Kong. He replaces Dane Cheng, who takes over as general manager for China.
The most extreme interpretation of Qantas’s decision to cancel 35 firm orders for Boeing 787 Dreamliners is that the move represents a step toward the inevitable end of the Flying Kangaroo’s iconic overseas services. Saddled with a high legacy cost base and obvious geographic disadvantages – the thinking here goes – Qantas simply cannot compete
The federal government has introduced legislation that would increase the payout available to air accident victims – and the mandatory insurance domestic airlines are required to carry. The Aviation Legislation Amendment increases the cap on payments to passengers injured on domestic flights from $500,000 to $750,000. Federal Transport Minister Anthony Albanese said the change would
