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Qantas Airways Ltd (QAN.AX)

QAN.AX on Australia Stock Exchange

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26 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Qantas chooses Airbus to upgrade cabins of its A380 fleet‍​
Thursday, 7 Sep 2017 07:21am EDT 

Sept 7 (Reuters) - AIRBUS GROUP ::QANTAS CHOOSES AIRBUS TO UPGRADE THE CABINS OF ITS A380 FLEET‍​.QANTAS HAS REACHED AN AGREEMENT WITH AIRBUS TO UPGRADE ITS 12 FLAGSHIP A380 CABINS ‍​.ALL 12 AIRCRAFT ARE PLANNED TO BE UPGRADED BY AROUND THE END OF 2020‍​.THE INSTALLATION PHASE WILL START IN Q2 2019.  Full Article

Qantas Airways and Emirates to extend partnership
Wednesday, 30 Aug 2017 06:53pm EDT 

Aug 31 (Reuters) - Qantas Airways Ltd :Qantas and Emirates to extend partnership.Changes to deliver upside to both airlines; Qantas annualised net benefit estimated at more than $80 million from fy19.Five year extension to landmark alliance deal.adjustments will also deliver financial upside to both airlines, with qantas annualised net benefit estimated at more than $80 million from fy19 onwards.will re-route its daily Sydney-London a380 service via singapore rather than dubai.will upgrade its existing daily melbourne-singapore flight from an A330 to an A380.  Full Article

Qantas Airways says net capital expenditure expected to be $3.0 billion for FY18 and FY19 combined
Thursday, 24 Aug 2017 06:20pm EDT 

Aug 25 (Reuters) - Qantas Airways Ltd :7 cents per share ordinary unfranked dividend, plus an on-market buyback of up to $373 million.Investigating direct flights from east coast of Australia to london and new york by 2022..Challenge has been given to Airbus and Boeing to give their next-generation aircraft currently under development."From next year we'll be flying direct from Perth to London".Will take delivery of two dreamliner 787-9s in first half of FY18."Believe advances in technology in next few years will make sydney to london direct a possibility and qantas is well placed to be airline to do it.".Overall group capacity is expected to increase by around 3 per cent in first half.H1 group domestic capacity is expected to decrease by around 1 per cent compared with same period last year.For FY fuel costs are expected to be no more than $3.16 billion and are tracking at $3.11 billion at current forward aud prices.Group international capacity is expected to increase by around 5 per cent in first half.Net capital expenditure is expected to be $3.0 billion for FY18 and FY19 combined.  Full Article

Qantas Airways posts FY underlying profit before tax of $1.40 bln vs$1.53 bln
Thursday, 24 Aug 2017 06:19pm EDT 

Aug 25 (Reuters) - Qantas Airways Ltd :FY underlying profit before tax $1,401 million versus $1,532 million a year ago.FY revenue and other income $16,057 million versus $16,200 million.FY statutory profit after tax attributable $852 million versus $1,029 million a year ago.  Full Article

Adventure says business alliance with Australia-based firm Jetstar Airways Pty Limited
Friday, 12 May 2017 02:54am EDT 

May 12(Reuters) - Adventure Inc <6030.T>:Says it will form a business alliance with an Australia-based company Jetstar Airways Pty Limited, on May 12.Says two companies will be cooperate on airline ticket reservation system and site business .  Full Article

Qantas Airways expects FY17 underlying profit before tax of $1.35 bln to $1.40 bln
Thursday, 4 May 2017 02:13am EDT 

May 4 (Reuters) - Qantas Airways Ltd :Expected FY17 underlying profit before tax - $1.35 billion to $1.40 billion.Qtrly group revenue $3.96 billion, down 1.4 per cent year-on-year.Decline in unit revenue for group international is expected to continue moderating in Q4.Positive trend in unit revenue for group domestic is expected to continue into Q4.As at 1 May 2017 fall in bond yields since 31 Dec 2016 would result in an adverse non-cash impact on estimated FY underlying profit before tax of $25 million.  Full Article

Qantas Airways says capacity is planned to increase by about 1-2 pct in H2
Wednesday, 22 Feb 2017 04:58pm EST 

Qantas Airways Ltd : In H2 group capacity is planned to increase by approximately 1 -2 per cent compared with second half of financial year 2016 . Group domestic capacity is expected to decrease by approximately 2 per cent in second half . Resource sector revenue in second half is expected to be down by approximately $30 million . Group international capacity is expected to increase by approximately 3 per cent in second half . "Short term outlook remains subject to variable factors, including oil price movements, foreign exchange movements and global market conditions" . FY depreciation and amortisation expense is expected to be approximately $170 million higher than in financial year 2016 . "Unit revenue in second half is expected to increase despite continued softness in resource markets" . FY net capital expenditure is expected to be $1.5 billion . For full year underlying fuel cost is expected to be no more than $3.2 billion, or $3.13 billion at current forward Australian dollar prices . FY non-cancellable aircraft operating lease rentals are expected to be approximately $100 million lower than in financial year 2016. . FY impact of inflation on expenditure is expected to be approximately $250 million .FY transformation benefits (across cost, fuel efficiency and revenue) are expected to be approximately $450 million.  Full Article

Qantas Airways says conditions are challenging in international market
Wednesday, 22 Feb 2017 04:39pm EST 

Qantas Airways Ltd : In international market, conditions are challenging . "Turning to second half, our group portfolio means we're well-placed relative to rest of industry." . "Domestically, we expect Qantas and Jetstar to keep performing" . Revenue from resources sector travel has been falling for several years, and that continued in first half . "At a group level, we will continue to manage volatility with careful fuel hedging and ongoing cost control." . "Overall revenue growth was slower, as customers migrated to new arrangements with Woolworths - but partnership has now ramped up" .Regarding resources sector, "expect market to be stable by financial year 2019".  Full Article

Qantas Airways says HY revenue and other income fell 3 pct
Wednesday, 22 Feb 2017 04:30pm EST 

Qantas Airways Ltd : hy revenue and other income $ 8,184 million versus $8,463 million a year ago . half-year underlying profit before tax $852 million versus $921 million . hy statutory profit after tax attributable $515 million versus $688 million . Group paid a fully franked dividend of seven cents per ordinary share . group continues to target $2.1 billion of benefits delivered by end of financial year 2016/17, up from $2 billion originally announced. . for second half of 2016/17, group will return $219 million in capital management initiatives to shareholders .Directors have declared a fifty per cent franked interim dividend of seven cents per ordinary share for period.  Full Article

Firstwave Cloud Technology wins $1.14 mln cloud security contract for Qantas Airways Ltd
Tuesday, 10 Jan 2017 06:12pm EST 

Firstwave Cloud Technology Ltd :Wins $1.14 million cloud security contract for Qantas.  Full Article

Norwegian Air Shuttle still talking to Ryanair on flight connection deal -CCO

LONDON, Sept 13 Norwegian Air Shuttle said it is still talking to Ryanair about a flight connection service after Norwegian agreed a partnership with rival easyJet .