Qantas has asked the Australian Securities Exchange (ASX) to place its shares in an immediate trading halt. “The trading halt is requested pending receipt of information from Standard and Poor’s in relation to Qantas’s credit rating, which is likely to be materially price sensitive,” company secretary Taryn Morton wrote to the ASX. This content is
Warren Truss, the minister responsible for the transport portfolio, and Prime Minister Tony Abbott have both used separate media engagements to hose down expectations that the federal government will provide financial support to Qantas. “The government isn’t a banker and there are no doubt lots of companies or private individuals that would like government to
At the Dubai Airshow Qantas’s major alliance partner Emirates (one of those dastardly foreign government owned airlines) placed colossal orders for 150 Boeing 777Xs and 50 Airbus A380s. That presages yet more booming growth for Emirates. This content is available exclusively to Australian Aviation members. Login Become a Member To continue reading the rest of
An expected financial loss of $250-300 million for the first half of the current financial year is seeing Qantas slash “at least” 1,000 jobs among a range of other measures as it struggles to further cut costs in a deteriorating airline travel market. “We will do whatever we need to do to secure the Qantas
Sir Richard Branson has lashed out at Qantas, accusing the Australian icon of being badly managed and offering bad service, in one of the most damming attacks in the Australian airline industry has ever seen, writes Geoffrey Thomas. “If Qantas was better managed and offered the public a decent service; it would not be in
Qantas has significantly bolstered its reach into the burgeoning China market with the signing of a codesharing agreement with that country’s largest and fastest growing airline, China Southern, with whom it has also flagged further cooperation. The deal will see Qantas codeshare on China Southern flights from Sydney, Melbourne, Brisbane and Perth to Guangzhou, and