Update - ABC The Business 21-02-2013
Qantas continues to do it tough, partly through its own fault, and partly through the grindingly tough factors of fuel costs, changing consumer expectations, and too many wickedly smart competitors, that are the lot of most airlines throughout the world today
One of the shocking sets of numbers in this morning’s Qantas half year to 31 December profit result of a statutory profit of $111 million after tax is that it booked $125 million in liquidated damages from Boeing for cancelled 787 Dreamliners in the same period.
Crippled Dreamliner 787 program keeps Qantas in black | Plane Talking
Upgrades to A330 fleet promised as Qantas flies higher
AFTER taking a hit to its core domestic earnings in the first half, Qantas has promised to step up its battle with Virgin Australia by upgrading its fleet of large A330s and ordering new planes.
Although the capacity glut in the domestic market has eased recently, the plans to upgrade Qantas' fleet of A330s used on Australia's key transcontinental route threatens to spark a strong response from Virgin.
Qantas Profit Rises on Boeing Cash and Long-Haul Revival - Bloomberg
Qantas reduced losses at its
international unit by 65 percent after dropping unprofitable routes and retiring older planes amid a battle with
Middle East and Asian carriers on long-haul services. An alliance with Emirates on overseas flights, due to begin April 1, will be a “killer combination,” Chief Executive Officer Alan Joyce said in an interview with Bloomberg Television.
Last edited by TIMA9X; 21st Feb 2013 at 14:23.