The Qantas Group has reported robust earnings for FY24, achieving an underlying profit before tax of AU$2.08 billion and a statutory profit after tax of AU$1.25 billion for the year ending 30 June 2024. Although overall earnings were lower than the previous year due to moderated fares, increased customer initiative spending, and a decline in […]
Qantas Group delivers strong FY24 results with strategic investments Read More »
Qantas has joined Rio Tinto and BHP as foundational investors in a new fund aimed at developing high-integrity, nature-based carbon projects across Australia. Managed by Silva Capital—a joint venture between investment managers Roc Partners and C6 Investment Management—the Silva Carbon Origination Fund aims to raise AU$250 million to originate and manage high-integrity Australian Carbon Credit
Qantas joins forces to back high-integrity carbon fund in Australia Read More »
Qantas‘ Board has finalised its decisions regarding executive remuneration for FY23, implementing significant reductions in response to recent challenges and reputational damage. Last September, the Board announced a 20% reduction in short-term incentives for members of the Group Management Committee, recognising the brand and customer impacts from various cumulative events, including operational disruptions and legal
Qantas reduces executive remuneration Read More »
The Qantas Group’s next-generation Airbus A220 aircraft made its inaugural landing in Tasmania on July 1, bringing a new level of passenger comfort and sustainability to the Apple Isle. The first A220-operated Melbourne to Hobart service arrived at 11:20 am, with the Flying Kangaroo also announcing plans for an all-new Qantas Club at Hobart Airport.
Qantas’ first Airbus A220 lands in Tasmania Read More »
Qantas announced it has reached an agreement with the Australian Competition and Consumer Commission (ACCC) to settle the court proceedings filed in August last year. The allegations suggested that Qantas had advertised and sold tickets for over 8,000 flights that had already been cancelled in its internal system. These revelations led to the early retirement
Qantas has announced two new board members, including a new Chairman, as part of its ongoing renewal. John Mullen will join the Qantas Board from July 1, 2024, as Non-Executive Director and Chairman Elect and will assume the role of Chairman ahead of the company’s annual general meeting (AGM) this October. Dr Nora Scheinkestel will
Qantas announces new board members Read More »
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
Qantas and Alliance Aviation terminate acquisition agreement Read More »
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
Qantas plans for board renewal in recognition of reputational issues Read More »
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
ACCC looks to block coordinated operations between Qantas and China Eastern Airlines Read More »
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
Qantas Group posts full-year profit, orders 24 wide-body aircraft Read More »
