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Qantas Airways Ltd (QAN.AX)

QAN.AX on Australia Stock Exchange

3.47AUD
20 Jan 2017
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Latest Key Developments (Source: Significant Developments)

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

Qantas Airways says oil prices, currency movements and global economy all remain volatile
Tuesday, 23 Aug 2016 06:40pm EDT 

Qantas Airways Ltd : Qantas FY 2016 results - CEO address . Domestic and international markets are still mixed, with ongoing softness in the resources sector . Oil prices, currency movements and the global economy all remain volatile .By cutting costs and locking in the benefits of cheaper fuel, can offset any weakness in revenue through good margins.  Full Article

Qantas Airways says planning for capacity growth of 2-3 per cent in H1 2017
Tuesday, 23 Aug 2016 06:37pm EDT 

Qantas Airways Ltd : Qantas full year results 2016 - media release . Group is planning for capacity growth of 2-3 per cent in the first half of financial year 2017 . Short-term outlook remains subject to variable factors, including oil price movements, foreign exchange movements and global market conditions" . Long-term outlook for the group is positive . Qantas Group expects to continue its strong financial performance in the first half of financial year 2017" . Capital expenditure forecast of approximately $1.5 billion in financial year 2017 . Full year depreciation and amortisation expense is expected to be approximately $150 million higher . Sees FY 2017 underlying fuel costs to be no more than $3.2 billion . Says full year transformation benefits (cost, fuel efficiency and revenue) are expected to be $450 million .Says full year lease expense is expected to be approximately $100 million lower than in financial year 2016.  Full Article

Qantas Airways posts 57 pct rise in full-year underlying profit before tax
Tuesday, 23 Aug 2016 06:28pm EDT 

Qantas Airways Ltd : Preliminary final report . FY underlying PBT $1.532 billion versus $975 million last year . FY revenue and other income $16.200 billion versus $15.82 billion last year . Says declared a fully franked final dividend of seven cents per ordinary share for the current year . FY statutory profit after tax attributable to members of co $1.029 billion versus $557 million . Says directors have announced an on-market share buy-back of up to $366 million .Raised the target of Qantas transformation to $2.1 billion of benefits delivered by end of FY 2016/17, up from $2 billion".  Full Article

Qantas Airways provides preliminary traffic and capacity statistics for May 2016
Wednesday, 29 Jun 2016 06:32pm EDT 

Qantas Airways Ltd : Preliminary traffic and capacity statistics - May 2016 . Says May 2016 Qantas Group capacity (Available Seat Kilometres) increased by 3.4 per cent . Says group demand (Revenue Passenger Kilometres) increased by 4.2 per cent in May . May group revenue seat factor of 76.3 per cent .  Full Article

Qantas Airways says group capacity (available seat kilometres) increased by 3.7 pct in April
Sunday, 29 May 2016 06:42pm EDT 

Qantas Airways Ltd : Qantas Group capacity (available seat kilometres) increased by 3.7 per cent and group demand (revenue passenger kilometres) increased by 6.4 per cent in April . April group revenue seat factor of 79.4 per cent which was 2.1 percentage points higher than in the prior corresponding period . Group domestic (comprising Qantas domestic and jetstar domestic) capacity in April was 0.5 per cent lower . Qantas Group revenue per available seat kilometre (rask) declined in April .  Full Article

Qantas Airways Ltd - EU court backs Air France KLM SA, other airlines in cartel challenge - Reuters
Wednesday, 16 Dec 2015 03:00am EST 

Qantas Airways Ltd:Europe's second highest court backed on Wednesday a challenge by Air France-KLM AIRF.PA and other airlines against a near 800 million-euro ($873.9 million) cartel fine handed down to the group five years ago for fixing prices of air cargo - RTRS."The General Court annulled the decision by which the Commission imposed fines amounting to approximately 790 million euros on several airlines for their participation in a cartel on the air freight market," the General Court said in its ruling. - RTRS.The European Commission in its 2010 decision said that 11 air cargo carriers fixed surcharges for fuel and security from December 1999 to February 2006. - RTRS.The other carriers were Air Canada, KLM, Martinair, British Airways, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, Qantas, SAS and Singapore Airlines - RTRS.Lufthansa LHAG.DE escaped a sanction because it blew the whistle on the cartel. - RTRS.Air France took the biggest hit with a fine of 182.9 milion euros while KLM came in second at 127.2 million euros. The two carriers merged to form Air France-KLM in 2004 - RTRS.  Full Article

Moody's Investors Service changes Qantas Airways Ltd's outlook to positive from stable; ratings affirmed
Wednesday, 17 Jun 2015 07:11pm EDT 

Moody's Investors Service:Affirmed all ratings of Qantas Airways Ltd and changed outlook to positive from stable.Ratings affirmed include Qantas' Ba1 corporate family rating, Ba2 senior unsecured rating, NP (Not Prime) short term rating and (P)Ba2/(P)NP program ratings.  Full Article

REFILE-Australia's Qantas grounds 10 aircraft on overdue inspections

SYDNEY, Jan 17 Qantas Airways, Australia's biggest airline, said it had grounded 10 turboprop aircraft and cancelled some flights after failing to complete inspections in a timely manner.