Qantas has received its first Dreamliner (named Great Southern Land in a public naming competition) to much fanfare and a fitting tribute from Icehouse’s Iva Davies. The airline is set to receive a further seven 787s before the end of next year, with the option to purchase up to 45. It is the first new…
Qantas CEO Alan Joyce monetary rewards package has jumped to a whopping $24.6 million in 2017 (almost double the $14.3 million he got in 2016). It makes him one of the highest paid CEO’s in Australia. His base pay was unchanged at $2.1 million and his cash bonus fell to $1.7 million. However, he scored…
Qantas’ Yearly Report is in and the results are fantastic. Qantas has posted a $1.4 billion profit the second highest ever. The result was 8.6% lower than last year due to weaknesses in the resource sector and intense competition on international routes but at the upper end of the airlines guidance. Qantas profit was turbocharged…
Read More Qantas delivers second highest profit in history (Finance)
Qantas has revealed foreign investors now owns just under 47 per cent of its shares which is very close to its 49 per cent cap on foreign ownership (Qantas Sale Act). Qantas’ recent impressive financial performance has made it a desirable stock for overseas investors. Alan Joyce has previously called for the cap to be…
Qantas is about to send Australia’s most famous kangaroo into the sky. Skippy has been revealed as one of the eight “Australian icons” to be honoured as the names of the latest Qantas Dreamliner fleet. Travellers can also look forward to boarding the flying quokka, boomerang and Waltzing Matilda, The Great Barrier Reef and Uluru,…
Read More Qantas announces winners of its Dreamliner naming competition (Marketing)
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…
Read More Qantas set for another great profit result (Finance)