Qantas is forecasting another strong profit for its financial year 2017 because of domestic growth and improved international market conditions. In its latest financial update, Qantas estimates a profit of between $1.35–$1.4 billion. This would be a decline from the A$1.53 billion profit in the previous year, although it would still represent the second-largest result in the carrier’s history.
Qantas is aiming for cost savings of $400 million a year for the three years to 2019/20 as the Boeing 787-9 replaces older 747-400s The arrival of the 787-9 from October 2017 will also herald a significant change in operating costs, given the next generation aircraft had a 20 per cent saving in fuel consumption and a 15 per cent saving in maintenance.
Moody’s upgrades Qantas’ Credit Rating (Finance)
Qantas’ dominance of the local market and its profitable loyalty program have earned the airline a credit ratings upgrade from Moody’s. Moody’s upped its rating for Qantas on Monday morning by one notch from Baa3 to Baa2. This is great news for Qantas because having a higher rating makes it less expensive to borrow money.
Qantas named most attractive employer (Human Resources)
Qantas has been named Australia’s most attractive company for job seekers by employment firm Randstad. Qantas was picked for its “innovation with technology, financial health and strong reputation”, rating highly among those in the 18-24 and 45-65 age brackets. The awards, which cover the nation’s 150 largest employers by workforce size are based a survey of 7795 potential job seekers.
Qantas holds competition to name eight new Boeing 787-9 Dreamliner planes (Marketing)
Qantas has called on the public to suggest names for its forthcoming fleet of eight Boeing 787-9 aircraft, which it says it wants to name after “Australian icons”. The airline has published a page on its website where anyone can provide eight name suggestions for the 787s, the first of which is due for delivery in October this year.
Source: Qantas’ domestic growth leads upbeat third-quarter update by Daniel Palmer The Australian May 3rd, Qantas gets credit rating bump on market dominance, loyalty by Patrick Hatch The Australian May 15th, Can you name that plane? Qantas asks public to name its 787s Australian Aviation May 15th.