Qantas’s turnaround from an eye-watering $2.853 billion loss to a $557 million statutory profit represents one of the largest rebounds in Australian corporate history. And the return to profitability, along with lower debt levels, has given the airline the confidence to order new Boeing 787-9 Dreamliners, offer a $505 million capital return to shareholders and
Qantas has confirmed an order for eight Boeing 787-9 Dreamliners and will return $505 million to shareholders after reporting a return to profitability in 2014/15. The airline group reported a statutory net profit after tax of $557 million for the 12 months to June 30 2015, a multi-billion dollar turnaround from the $2.853 billion loss
Sydney Airport’s plans to create two integrated terminal precincts each capable of handling both international and domestic services has taken a step forward with the buyback of Qantas’s lease over Terminal 3. Although there will be no change to the existing arrangements – with international flights at the western side of airport at Terminal 1 and
Sydney Airport has paid Qantas $535 million to buy back the airline’s lease over Terminal 3 in what the pair describe as a “win-win” for both parties. 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
Qantas has commenced work reconfiguring its fleet of 67 Australian registered Boeing 737-800s with a row of extra seats, slimline lavatories and smaller galleys at the airline’s Brisbane maintenance hangar. The move to add six more seats, which was first announced in July 2014, will increase the seat count of the Qantas 737 from 168 currently
Qantas is boosting its recently revived Perth-Singapore service to daily and adding a fifth weekly flight to Jakarta as part of seasonal frequency increases for the upcoming summer holidays. There is also a planned boost on trans-Tasman services included in the more than 140 extra flights scheduled between the end of November and February, Qantas