Qantas delivers highest profit in history (Finance)

Qantas’ 2018 Yearly Report is in and the results are fantastic. Qantas has posted a whopping $1.6 billion profit its highest ever. Qantas will finally now have to start paying Company Tax after using up the last of its tax losses from previous years. Qantas profit was turbocharged by its record domestic result and cost…

Qantas Sydney to Melbourne flight 2nd most Lucrative Route in the World (Operations)

Qantas’s Sydney to Melbourne route is the second highest revenue route in the world beaten only by British Airways flights between London and New York. According to analysis by flight schedule experts OAG, the Qantas route rakes in a whopping $1.16 billion during a year or $33,000 an hour. It’s the influence of volume and…

Alan Joyce is a big supporter of Turnbull’s company tax cuts (Finance)

Amidst One Nation’s sudden retraction of support and debate within Government ranks about how to proceed with the Company Tax cut package Alan Joyce has come out again to strongly lend his support to reduce Company Tax from 30c to 25c in the dollar for all companies. He has been even urging other business leaders…

Qantas negative working capital position explained (Finance)

Qantas’s negative working capital position (equivalent to a Current Ratio of less than 1:1) used to really baffle me because all the accounting texts suggested an optimum rule of thumb of about 2:1. Didn’t this mean that Qantas was insolvent and unable to meet its short-term obligations? What I discovered was that most airlines operative…

Qantas remarkable turnaround under CEO Alan Joyce has continued (Finance)

Qantas’ half-yearly report is in and the results are fantastic. Qantas’ first-half profit increased 15% from last year to $975 million. Qantas Domestic, Jetstar Group and Qantas Loyalty all had record results and Qantas International held its own despite some challenges like higher fuel costs, a competitive domestic market and international capacity growth. Further cost-cutting of…

Qantas does some comparison shopping for new aircraft (Operations)

Qantas is shopping for aircraft to fly non-stop from Australia’s east coast to New York and London without stopping. The two options for Qantas are the Airbus A350-90 and the Boeing’s 777-8X. Both companies believe their aircraft will be able to extend their range for these 20-hour flights by 2022. These ultra-long- haul aircraft can…

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