Gerard Frawley

Virgin Australia has announced it is bringing forward first deliveries of the 23 Boeing 737 MAX 8s it has on order from 2019 to 2018 as part of efforts to increase aircraft fleet efficiency. However, the airline’s CEO John Borghetti won’t say when exactly the first aircraft, which were originally ordered in July 2012, will now be

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 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

  So Virgin’s first half loss was in fact bigger than Qantas’s on a proportional basis. This content is available exclusively to Australian Aviation members. Login Become a Member To continue reading the rest of this article, please login. Username or Email Password Forgot password? Keep me signed in on this device. If you check

We will certainly get more into the detail in the next edition of the magazine, but it is worth making a few comments and observations about today’s Qantas results and restructuring announcement. The three figures that stand out the most are the 5,000 job cuts, the 50 aircraft retirements and order deferrals, and the $260+

The rumours and speculation are reaching fever pitch ahead of tomorrow’s Qantas half-yearly results announcement where the embattled airline group is planning to reveal how it will strip $2 billion in costs out of its business over the next three years and raise cash through asset sales. Job cuts in the range of 3,000 to