Qantas on track to the black
QANTAS chief executive Alan Joyce says the troubled airline is on track to return to an underlying profit in the first half of this financial year.
Travel
Qantas losing international appeal
QANTAS’ fall from favour with international travellers has been highlighted by a new report showing the airline’s market share has almost halved in the last decade.
‘Punters are killing us’ says Packer
JAMES Packer has told Crown shareholders that poor results for the company’s VIP businesses are all down to casino punters winning too much money.
Bali weddings firm stings WA couples
WEST Australian brides and grooms have been left out of pocket to the tune of $180,000 after a company that offered weddings in Bali became insolvent.
Airlines brace for ‘Ebola effect’
EBOLA has spooked airline industry investors, with share prices tumbling as the virus changes from an isolated catastrophe to a potential worldwide threat.
What it takes to earn $2.77m a year
WHAT drives Australia’s highest-paid airline executive? Flash cars – and a lifelong dream to experience Rio’s Carnival, that’s what.
Virgin boss pay trumps Qantas
VIRGIN Australia chief John Borghetti’s take home pay of $2.8 million has surpassed that of his Qantas rival, Alan Joyce.
SeaWorld sued over documentary scandal
SEAWORLD is a place of childhood wonderment. Or is it? The theme park is now tangled in a legal battle over a documentary about its treatment of killer whales.
Zip it, Alan: Call to combat fare hikes
COMMENTS by Qantas chief Alan Joyce have prompted a call to ban airline statements that lead to industry-wide fare hikes.
Joyce paid $2m as Qantas struggles
QANTAS boss Alan Joyce was paid $2 million last financial year, even after giving up five per cent of his salary and receiving no bonuses.
Inside the war that cost $8.75m a day
THE bitter capacity battle waged between Qantas and Virgin’s CEOs has contributed more to their shocking financial results than anything else.
Why Qantas’ loss is good news for you
QANTAS reckons a drastic shake-up will turn its record loss into a profit as early as this year. So what does that mean if you fly with them? Cheaper fares?
Virgin reveals $355m loss
A DAY after Qantas posted its worst loss in history, domestic rival Virgin Australia has also announced a loss of $355.6 million and revealed stake in frequent flyer program will be sold off.
Plane ugly: Can Qantas survive $2.8bn storm?
ALAN Joyce has piloted Qantas to a record loss, and now questions are being asked whether he should press the ejector seat.
Flying kangaroo is pulling up – Joyce
QANTAS spilt $2.8 billion worth of red ink in a horror financial year but chief executive Alan Joyce yesterday maintained his plan to turn around the airline by sacking 5000 staff was working.
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.
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.
How the ultra-rich really travel
HAVE you ever wondered how the top one per cent take holidays? They’re so mind-blowingly extravagant that for 99 per cent of us they are pipe dreams.
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.
What life as a frequent flyer is really like
BEING one of Australia’s most frequent flyers is no easy feat but this guy has mastered the skies. Here are his tips to fly like a pro.
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.
Shipwreck survivor meets dead man’s mum
A CASTAWAY who says he survived more than a year at sea has had a tearful meeting with the family of his shipmate who did not make it home.
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.
The lost jewels of an ancient city
WORK began on the world’s largest pre-industrial city, Angkor, in the 8th century, and suddenly ended in the 15th century. Here are some of its most fascinating secret spots.
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.
This is how the rich and famous fly
EVER wondered what it’s like to fly as only the rich and famous can? Peter Mandel got the chance to find out. This is his luxurious, envy-inducing story.
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.
Inside Australia’s best resort
THIS luxury resort has just been named the number one place to stay in Australia. So what’s it really like? For starters, you get your own pool in your suite!
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.
Original URL: https://www.news.com.au/finance/business/travel/page/50