A haunting experience: Qantas faces $100m penalty for ghosting customers
The Federal Court has confirmed $100m in penalties over the so-called "ghost flights" scandal.
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Analysis of Mineral Resources, Woolworths, Wesfarmers, Qantas
Fund Manager Chris Pedersen discusses Mineral Resources, Woolworths Group, Wesfarmers and Qantas Airways.
Read MoreQantas and Air NZ brace for revenue slowdown
The slides in June 30 profits for both Qantas (ASX:QAN) and Air NZ (ASX:AIZ) signal that the two airlines are preparing for an anticipated slowdown in revenue and earnings for 2024-25.
Read MoreQantas settles ghost flights case with ACCC
Qantas (ASX:QAN) has settled its so-called ghost flights legal case with the competition regulator, the ACCC, at a cost of around $120 million.
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ACCC wins battle as Qantas cancels $611 million takeover
The Australian Competition and Consumer Commission (ACCC) has scored a significant victory over Qantas as the airline called off its $611 million takeover of the smaller rival fly-in, fly-out operator, Alliance Aviation Services.
Read MoreAirlines’ boom turns to bust as fuel prices soar
In the year leading up to June, Qantas (ASX:QAN), Virgin, and Air New Zealand (ASX:AIZ) all enjoyed a boom, with soaring business, revenues, and earnings as international and domestic travel rebounded. However, the surge in oil and fuel prices has since dimmed their 2022-23 performance.
Read MoreQantas Chair Richard Goyder to depart amidst board renewal
Qantas (ASX:QAN) Chair Richard Goyder is set to respond to persistent calls for his departure from the board, with his exit planned for just over a year from now.
Read MoreQantas board withholds CEO’s bonuses amidst ACCC investigation
The Qantas (ASX:QAN) board paid former CEO Alan Joyce $21.4 million as he exited the company, according to the airline's annual report released Wednesday afternoon.
Read MoreQantas ordered to mediation talks over illegal sacking of 1700 ground staff
Qantas has been ordered to attend a month of mediation talks with the Transport Workers Union over the illegal sacking of nearly 1700 ground staff in late 2020.
Read MoreHigh Court rules against Qantas
In a unanimous verdict, the High Court has delivered a significant blow to Qantas (ASX:QAN) and its attempts to justify the sacking of more than 1,680 employees at the height of the pandemic.
Read MoreQantas appoints new CEO Vanessa Hudson following early retirement of Alan Joyce
Qantas (ASX:QAN) announced on Tuesday morning that Vanessa Hudson will take over as the new CEO, effective from Wednesday, after current CEO Alan Joyce decided to hasten his retirement by two months.
Read MoreQantas PR campaign backfires
Qantas (ASX:QAN) continued to slide on Monday, as the airline's attempts to launch a PR campaign resulted in an unexpected and embarrassing apology.
Read MoreACCC takes legal action against Qantas for breach of consumer rights over cancelled flights
The Australian Competition and Consumer Commission (ACCC) has initiated legal proceedings against Qantas (ASX:QAN) in the Federal Court, alleging violations of consumer protection laws related to its handling of cancelled flights and lack of communication with affected passengers.
Read MoreStocks of the Hour: Black Mountain Energy, Andromeda Metals, Qantas
A snapshot of the stocks on the move, featuring Black Mountain Energy (ASX:BME), Andromeda Metals (ASX:ADN) and Qantas (ASX:QAN).
Read MoreQantas Achieves Record Pre-Tax Profit of $2.5 Billion Under CEO Alan Joyce’s Leadership
Qantas (ASX:QAN) has unveiled a remarkable pre-tax profit of $2.5 billion, setting a new record for CEO Alan Joyce's final year at the helm of Australia's largest airline.
Read MoreQantas responds to Sydney Airport’s “slot hoarding” accusations
Qantas has fired back at Sydney Airport's claims of "slot hoarding," stating that the airport is primarily interested in increasing its own revenue.
Read MoreQantas confident as cost of living pressures fail to dampen travel demand
28 Jun 2023 – Cost of living pressures have not dampened the travel industry, according to Qantas (ASX: QAN), as the airline reassures investors that its earnings remain unaffected by rising household bills and higher interest rates.
Read MoreHigh-Flying Qantas Predicts Record Profit for FY23
Qantas is forecasting a record underlying pre-tax profit of up to $2.48 billion in FY 2023 and has boosted its buyback by $100 million.
Read MoreQantas Upgrades Internally for New Head Pilot
Qantas has gone in-house for a new CEO, announcing that Chief Financial Officer Vanessa Hudson will replace outgoing head Alan Joyce in November.
Read MoreSoaring Qantas Leaves Tough Times in its Jetstream
Qantas enjoyed a surge in revenue and profit for the December half as the re-opening of our borders and the easing of Covid restrictions allowed it to make a lot of money very quickly.
Read MoreVirgin Australia Primed for ASX Relisting
Virgin Australia looks set to return to the ASX with current owner Bain Capital announcing Monday that it is examining a relisting of the country’s second biggest domestic airline.
Read MoreThe Kangaroo Is Certainly Flying Now
Qantas’ share price hit a near three-year high yesterday after providing another surprise earnings update as the recent stronger consumer demand continues.
Read MoreQAN Hits Cruising Altitude after Recent Grounding
Qantas shares have soared to their highest level since the start of 2020 after the airline confirmed that it was heading for a massive profit in the upcoming financial year.
Read MoreTourism Stocks Banking on Wanderlust Redux
Quiet confidence of a full recovery in the tourism industry from both Flight Centre and Qantas on Thursday, the latter of which backed up its upbeat words with a $400m buyback.
Read MoreQantas Slowly Losing Its Once Illustrious Brand Image
As Peter Milios reports, over the past few months, Qantas has been bombarded with excessive complaints about their service and expensive frequent flyer redemption program.
Read MoreACCC Suggests Qantas Take Off its Alliance Bid
Judging by the response from the ACCC, Qantas can save itself $614 million and earn a few brownie points by not proceeding with its proposed acquisition of Alliance Aviation.
Read MoreQAN Provides Update, Loses Jetstar CEO
Aussie airline Qantas issued its June trading update on Friday, while also notifying the market of the imminent departure of Jetstar CEO Gareth Evans.
Read MoreQantas Makes Scrip Play for Alliance Aviation
Qantas is trying to tighten its grip on the Australian aviation sector by taking over the big fly-out operator Alliance Aviation for more than $900 million worth of QAN shares.
Read MoreFlying Kangaroo Set to Leave the Government Pouch
Having endured a couple of Covid-related false starts and a surge in oil and fuel prices, Qantas has finally forecast a return to profitability after years of relying on government support.
Read MoreFlying Kangaroo Ready to Spread its Wings
Pent-up demand and Australia’s high vaccination rates have seen credit rating agency Moody’s lift its outlook for Qantas from “negative” to “stable” for the first time since 2020.
Read MoreRecovery Remains Slow but Moody’s Backs Qantas
Credit rating group Moody’s has once again given strong support to Qantas’s efforts to remain in business, despite the company’s continuing high levels of debt and delays to full flying.
Read MoreHits Just Keep on Coming for the Travel Industry
The circumstantial siege that has beset the travel sector since Covid emerged in 2020 shows no signs of letup, just as it seemed some light was breaking through at the end of the tunnel.
Read MoreNo Quick Fix at Hand for Qantas
Another big loss for Qantas in the six months to December as the company’s plans for a return to normal business in the half were again disrupted by Covid.
Read MoreQAN – Credit Suisse rates the stock as Underperform
The broker raises its target price to $4.60 from $4.10 on a change of valuation method and maintains its Underperform rating.
Read MoreQantas Flight Plan Aborted by Omicron
Qantas has warned of a “significant loss” for the December half as its recovering international business has been hit by the rise in global Covid omicron numbers.
Read MoreQantas Picks Airbus over Boeing for New Fleet
Qantas has delivered a major blow to Boeing and its 737 series of jets by choosing Airbus as the preferred supplier to replace its domestic passenger fleet.
Read MoreQAN – Credit Suisse rates the stock as Underperform
The target price of $4.10 and Underperform rating are unchanged, despite the analyst increasing the estimated loss for FY22 to -$1.6bn from -$1.2bn.
Read MoreQAN – Citi rates the stock as Buy
Buy rating and $5.93 target price are unchanged.
Read MoreTakeoffs and Bumpy Landings in the Local Airspace
Plenty of action in the travel sector yesterday, as the ACCC put the kibosh on a proposed alliance between QAN and Japan Air, and Sydney Airport finally relented to the ongoing bid for the company.
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