Qantas

Alliance Airlines

Qantas and Alliance Aviation terminate acquisition agreement

Qantas and Alliance Aviation Services (Alliance) have jointly announced the termination of their May 2022 agreement for Qantas to fully acquire the Australian-based charter operator. This acquisition, which had received formal opposition from the competition regulator in April 2023, was initially anticipated to deliver enhanced customer value without undermining competition, especially in the fiercely competitive …

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Qantas

Qantas plans for board renewal in recognition of reputational issues

The Qantas Board has announced plans for board renewal in recognition of the reputational issues facing the Group and to support restoration of trust in the company. Chairman Richard Goyder will retire prior to the Annual General Meeting (AGM) in late 2024. As announced in May, non-executive director Michael L’Estrange will retire at this year’s …

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Qantas

ACCC looks to block coordinated operations between Qantas and China Eastern Airlines

The Australian Competition and Consumer Commission (ACCC) has issued a draft determination in which it is proposing to deny authorisation for Qantas Airways (Qantas) and China Eastern Airlines Corporation Limited (China Eastern) and their related entities (including Jetstar) to continue coordinating operations between Australia and mainland China. The two carriers are looking to obtain authorisation …

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Qantas

Qantas Group posts full-year profit, orders 24 wide-body aircraft

The Qantas Group has posted its first full year statutory profit since FY19. For the full year 2023 (FY23), the Group achieved an underlying profit before tax of AU$2.47 billion and a Statutory after tax profit of AU$1.74 billion. This compares with AU$7 billion in accumulated statutory losses over three prior years. Underpinning the profit was …

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Rendering of Qantas' A220 aircraft

Construction underway on Qantas Group’s first Airbus A220 aircraft

Construction has commenced on the the Qantas Group’s first Airbus A220 aircraft, marking a key milestone for the Group as its fleet renewal programme ramps up. The aircraft’s major airframe components, including the centre and rear fuselage, are coming together at Airbus’ production facility in Mirabel, Canada, with the first of 29 aircraft expected to …

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Qantas will establish a climate fund

Qantas Group to establish AU$400 million climate fund

The Qantas Group will establish an AU$400 million climate fund to provide direct investments in sustainability projects and technologies, as the airline works towards its emissions reduction targets. The Qantas Climate Fund, announced as part of the Group’s Investor Strategy Day, will be the largest aviation fund of its kind. The fund includes the ~AU$290 million …

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