Qantas and Jetstar yesterday revealed the new look for airline travel once the COVID restrictions on travel are eased and international and intrastate border controls disappear in short social distancing rules will be not enforced on travel, but offered masks and revamped check-in procedures will be the new ’normal’.
Read More
Like the big banks, Qantas is looking to go on a post-COVID-19 diet, getting rid of expansionist ideas, businesses that don’t earn their way or detract from future gains.
Read More
Watch US and global airline shares slump tomorrow after Warren Buffett told the Berkshire Hathaway virtual annual meeting that his company had bailed out of all its holdings in America’s four major carriers - United, American, Southwest, and Delta.
Read More
Virgin Australia wants a bailout from Canberra, regional operator, Rex does as well, while Air New Zealand, which last week received a $NZ900 million capital injection from the Kiwi government, has started following its Australian rivals and slashing staff numbers.
Read More
Singapore Inc has come to the party and bailed out the nation state’s global flag carrier, Singapore Airlines in a $S19 billion refinancing that will stop the crippled airline from imploding.
Read More
Qantas has announced a -23% cut to international capacity and a -5% cut to domestic. Guidance has been withdrawn because of the unknowns surrounding coronavirus.
Read More
Qantas will seek to reduce international capacity by -23% until September 2020, or at least until the operating environment is clearer. To ensure the balance sheet can withstand the challenges, the company is cancelling the $150m off-market buyback.
Read More
UBS believes there is an increasing likelihood that Qantas will pursue direct flights to New York and London. An increase in capital expenditure is expected as a result.
Read More
Qantas has deferred a decision on Project Sunrise to March 2020 as it narrows down the type of aircraft, advising there would be no regulatory obstacles from the Civil Aviation Safety Authority regarding non-stop flights.
Read More
UBS considers the most material disclosure at the company's investor briefing was a five-year target for Qantas domestic earnings (EBIT) growth of 18% and 22% for Jetstar domestic.
Read More
