What the Qantas loss means to you
CHEAP airfares look set to go, with consumers tipped to pay the price for the record $2.8 billion loss as competition slows.
Travel
Qantas posts $2.8bn loss, or $7.7m a day
YES that’s billion. With a B. That means Qantas lost $7.7 million every day. But CEO Alan Joyce reckons it will all turn around soon.
Alan Joyce: Saviour or destroyer?
AFTER the airline’s worst financial result on record, the Qantas boss now has until October to prove he shouldn’t be sacked.
Has this man taken our holidays?
FLIGHT Centre has blamed a 16 per cent plunge in net profit on the Federal Budget’s impact on households’ travel spending.
Qantas ‘should cut 2000 more jobs’
QANTAS is being urged to cut thousands more jobs as the company faces the most turbulent period in its 94-year history.
‘Golden age’ for Flight Centre profit
DESPITE a tumultuous year for the travel industry, Flight Centre has posted a $328.8 million profit and announced a new joint venture.
Flight Centre still flying high
TRAVEL agents are often thought of as a dying breed, but you wouldn’t know it going by Flight Centre’s robust profits.
Qantas urged to cut more jobs
QANTAS is being urged to cut thousands more jobs and jettison a majority of its international routes as the company faces a bottom-line loss of $1 billion.
Flight site’s link to failed airline
MICHAEL James left the airline industry in disgrace, but now his wife is behind a website selling cheap flights and travel deals.
Qantas frequent flyers in firing line
QANTAS is in a world of pain financially. But is selling its lucrative Frequent Flyer program the answer? Analysts say no.
Qantas frequent flyers hit 10.2 million
QANTAS as an airline might be struggling but its frequent flyer scheme declared it had 10.2m members, up from 5.8m five years ago.
Aussies still flying for half price
BUSINESS travel is getting dearer as the Virgin v Qantas price war cools, but economy travellers can still find cut-price airfares.
Surprise! Travel just got cheaper
THINK you can’t afford a holiday? A new report reveals just how much airfares have dropped over the past year.
How far would you go to schmooze?
IT COULD be the premise of a really good reality TV show. A bunch of ambitious entrepreneurs on a boat in Antarctica to see who could network the best.
Malaysia Airlines in huge shake-up
MALAYSIA Airlines has suspended trading in its shares amid expectations of a corporate restructuring following the twin disasters of MH370 and MH17.
Global boss really puts his foot in it
YOU think your boss is bad? One big honcho managed to get his 169,000 employees offside when he insulted them all. What did he say?
The man with the world’s toughest job
MALAYSIA Airlines chief executive Ahmad Jauhari Yahya may just have the toughest job in business right now. Who is the man tasked with getting the airline through two tragedies?
Qantas considering split
QANTAS is reportedly considering splitting its domestic and international arms to attract more foreign investment.
Can Malaysia Airlines’ brand survive?
MALAYSIA Airlines is in unchartered territory after tragedies affected two of its aircraft. Experts weigh in on whether the company can recover.
Schooling taxi drivers
WE’VE all encountered some pretty shocking taxi drivers. But now one city is tackling the problem with an old-school solution.
Qantas set to remain Australian
QANTAS has welcomed a decision to raise foreign investments caps on the airline, but still wants to see the restrictions removed.
Qantas slashes engineering jobs
QANTAS has revealed it will axe 167 jobs from its engineering division as part of its $2 billion cost-cutting program.
Expedia to buy Wotif.com for $700m
TRAVEL giant Expedia has launched a $700m bid for Wotif.com. with founders Graeme Wood and Andrew Bice agreeing to sell shares.
Tigerair set to pounce on Sydney Airport
TIGERAIR is crying foul over its arrangements at Sydney Airport. So it’s gearing up for fierce battle.
ACCC worried over casino plans
AUSTRALIA’S competition watchdog has concerns about a Hong Kong billionaire’s bid to own two casinos in far north Queensland.
Would you fly the Honda jet?
JAPANESE car manufacturer Honda has expanded its portfolio into jets. The business jet completed its maiden voyage, and it is surprisingly affordable.
Have your very own Red Bull stratos moment
WANT to get to the edge of space without actually going there? A company will now let you get there in a balloon
Airline fee crackdown fails to fly
EXCLUSIVE: Airlines, hotels and ticket agencies look set to keep slugging customers supersized surcharges, despite two court cases.
Air NZ ups stake in Virgin Australia
AIR New Zealand lifts its stake in Virgin Australia to almost 26 per cent – the maximum allowed under Australian investment rules.
Four years old, worth $18 billion
IT’S only been around four years and you may never have heard of it, but one mobile-based company has just been valued at A$18 billion.
Mega resorts for Cairns, Gold Coast
CASINO licences will be granted to the developers of two new mega resorts planned for Cairns and the Gold Coast expected to create more than 10,000 jobs.
Qantas dumps plans for growth
THE war between Qantas and Virgin Australia over capacity appears over, with Qantas freezing plans to offer more seats.
Qantas to stymie domestic growth
QANTAS has flagged it will not add any more domestic capacity due to lack of demand, ending a war it’s waged with Virgin for years.
Sydney Airport Corporation changes course
THEY argued for years that Sydney doesn’t need Badgerys, but now Sydney Airport Corporation could snap up the rights to build it.
Qantas to shed 100 pilots’ jobs
REDUNDANCIES are tipped to see some of Qantas’ most experienced pilots leave the airline as part of its 5000 staff cuts.
Qantas to shed 100 pilots’ jobs
REDUNDANCIES are tipped to see some of Qantas’ most experienced pilots leave the airline as part of its 5000 staff cuts.
The rooms with surprisingly raunchy views
DUE to a rather embarrassing design quirk, hotel guests at this famous skyscraper are seeing a LOT more than they bargained for!
The world’s cheapest holidays revealed
LOOKING for a bargain holiday this year? We’ve got you sorted. Here are the ten best destinations that won’t blow your budget. Start packing.
Qantas cashes in on Modern Family Aussie lovefest
ARE WE about to see an influx of US visitors? Qantas has seen a 25 per cent spike in interest from Americans following Modern Family’s Australia episode.
Hefty fine ‘a win for travellers’
AN $11 million fine handed to Flight Centre for encouraging price-fixing has been hailed as a win for a travelling public.
Flight Centre fined for price fixing
A FEDERAL Court judge has ordered Flight Centre to pay $11 million for inducing three airlines into price-fixing arrangements.
Flight Centre fined for price fixing
A FEDERAL Court judge has ordered Flight Centre to pay $11 million for inducing three airlines into price-fixing arrangements.
Ryanair boss wants image makeover
HE ONCE wanted to charge people to use the toilet but now Ryanair CEO Michael O’Leary is trying to transform his airline’s nightmare image.
Qantas could offshore 10,000 jobs
AS many as 10,000 Qantas jobs, including maintenance staff, could be sent offshore, despite fresh concerns about safety.
Qantas to ‘put Australia first’
QANTAS insists it will always put Australia first but is still determined to cut jobs to secure the airline’s future.
Thailand’s passport black market exposed
THE use of stolen passports on missing Malaysian Airlines flight MH370 has exposed the extent of Thailand’s black market for illegal activity.
Malaysia Airlines shares lose 10 per cent
MALAYSIA Airlines shares lost 10 per cent after being rocked by the disappearance of a passenger jet with 239 people aboard.
What it costs to put a plane in the air
WITH debate raging over the profitability of Australia’s airlines we look at the everyday operating costs of domestic and international services.
Qantas cuts senior managers
THE flying kangaroo has started to cut the first of 5000 from its workforce, with senior managers first to be shown the door.
Qantas reveals $120m carbon bill
QANTAS has now become a public ally of the Abbott Government in demanding Labor backs theremoval of carbon price and supports changes to ownership laws.
Who would want to buy Qantas?
THEY’VE lost more than $250 million in six months and are about to lay off 5000 staff. Who on earth would want to buy Qantas? Plenty, say some.
What could happen if Qantas was sold off
NOW that the government is pushing ahead with trying to repeal the Qantas Sale Act, what would foreign ownership of Qantas really mean?
No taxpayer lifeline for troubled Qantas
THE Government has refused to offer taxpayer funds for struggling Qantas and will instead push ahead with new laws which could see Aussie jobs go offshore.
Qantas no ‘flying panda or camel’
LABOR MP wants the PM to reveal plans to help Qantas, after saying Australia was big enough to keep it from being a “flying panda or camel’’.
Virgin boss lets fly on Qantas
UPDATE: Fresh from posting an $83m loss, Virgin Australia’s boss has attacked Qantas and called for the scrapping of the carbon tax and government handouts.
Virgin reports $83.7 million loss
VIRGIN Australia has reported a $83.7 million loss for the first half of the 2014 financial year, compared to a $23 million profit for the same period last year.
Joyce faces crisis talks with unions
QANTAS CEO Alan Joyce will face off with union officials today after announcing the airline will axe 5000 jobs to cut $2 billion in costs over three years.
Qantas 5000 job cuts will hurt all
QANTAS management’s decision to axe 5000 jobs is not its only measure to save $2 billion. Flights and routes will be cut drastically.
Joyce: Future bright after cuts
GOVERNMENT has all but rejected a debt guarantee for Qantas after it announced a $252 million half year loss and the axing of 5000 jobs.
Air NZ profits flying high
AS QANTAS prepares for cuts, Air New Zealand has made a record profit of $NZ140m in the first half of the financial year, beating forecasts.
D-Day for Qantas: thousands to go
QANTAS pilots have been offered counselling as the airline prepares to unveil a savage round of cuts to jobs, routes and its fleet.
How it all went wrong for Qantas
THE future of Qantas is up in the air with just about everyone jumping into the debate. Just what is going on with the iconic flying kangaroo?
Is this the end for the great Aussie airline?
JUST like Holden and Ford before it, the PM admits Australians don’t care for Qantas that much any more, and maybe it’s time to look overseas.
PM: ‘Qantas have to get their house in order’
CLOSE to half of voters want the Government to buy back a share in Qantas as Tony Abbott highlights other means of rescuing the national carrier.
Govt set to change Qantas laws
THE government is drafting laws to allow foreign ownership for Qantas amid reports the national airline could sack 5000 workers.
Qantas to axe 5000 jobs: Reports
QANTAS is gearing up to shed 5000 jobs and sell its Melbourne Airport terminal to prove to the Abbott Government it can make the tough decisions.
What if Qantas debt guaranteed
IF the federal government guarantees Qantas’ multi-million debt, analysts reveal what it will mean for passengers.
Qantas denies job cut reports
BREAKING: Qantas has denied reports it will cut 3000 jobs and routes to London, labelling them “unsourced rumours”.
Virgin snaps back at ‘gorilla’ label
VIRGIN Australia’s boss has snapped back at Treasurer Joe Hockey after he labelled the airline a ‘3000-pound gorilla’ crushing Qantas.
Branson warns over Qantas intervention
BILLIONAIRE Richard Branson has warned about possible help for Qantas, urging business to “think twice” about investing in the country.
Tony, keep Qantas Australian: Clive
TONY Abbott won’t be impressed with Clive Palmer’s latest stand. Unlike the PM, the businessman MP says Qantas should never be sold to foreign investors.
Qantas needs a level playing field: PM
THE PM says it would be perfectly appropriate to “unshackle” Qantas from legislative restrictions put in place by Labor in the ‘90s, as the airline seeks help.
Qantas govt bailout is special case
IT’S looking more and more likely Qantas will be bailed out by the government with Treasurer Joe Hockey saying the airline is a special case.
Govt ‘considering’ help for Qantas
THE Federal Government said no to Holden and SPC Ardmona, but it’s “carefully considering” calls for assistance from Qantas CEO Alan Joyce. WATCH QT LIVE 2PM
Richard Branson slams Qantas
THE billionaire founder of the Virgin Group empire, Richard Branson, has hit out at Qantas Airways boss Alan Joyce.
Will Australian aviation collapse?
YOU might be enjoying $69 tickets now but don’t expect them in a few years. The aviation industry is on the brink of collapse, warns Rex boss.
Cash for reviews comp under fire
EXCLUSIVE: ONE of the biggest names in travel insurance may have broken the law by offering the lure of cash prizes for positive reviews.
Qantas attacks ‘armchair’ critics
QANTAS’ finance chief has taken a swipe at “armchair expert” critics who misunderstand the airline and the market.
Qantas move inevitable – acting PM
WARREN Truss says Qantas’s decision to move maintenance for 747s offshore is a pity, but its Australian facility was not viable.
Qantas to send 300 jobs offshore
QANTAS denies it’s putting profit before safety in its decision to close move work from its Avalon maintenance facility overseas.
Original URL: https://www.news.com.au/finance/business/travel/page/47