Qantas Airways Ltd (QAN.AX) Key Developments |
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Qantas Airways Ltd (QAN.AX)

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Latest Key Developments (Source: Significant Developments)

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

BMW, Bosch join Deutsche Bahn in airline cartel damages claim against Qantas Airways Limited and others - Reuters
Saturday, 31 Jan 2015 10:34am EST 

Qantas Airways Limited:BMW and Bosch said on Jan. 31 they would join Deutsche Bahn in two claims for about 2.1 bln euros ($2.4 bln) in damages from air freight carriers who were involved in a cartel - Reuters.The air cargo cartel, which included Lufthansa and British Airways, was first discovered seven years ago and triggered fines in the European Union and in the United States.Confirming a report in German magazine WirtschaftsWoche, spokespeople for BMW and Bosch said the companies had joined the lawsuits, announced by Deutsche Bahn in December.The magazine also reported that Continental, Kuehne + Nagel and Panalpina were seeking damages from the cartel members.Deutsche Bahn says its freight business Schenker was overcharged for air cargo services for more than six years as carriers colluded in setting fuel and security surcharges.The firm is seeking 1.2 bln euros in damages plus 560 mln euros in interest in a suit filed with a court in Cologne, plus another $370 mln in the United States.The airlines it is suing in Germany are Lufthansa, Air Canada, British Airways, Cargolux, Cathay Pacific, Japan Airlines, LAN, Qantas, SAS and Singapore Airlines.In the United States, it is seeking damages from Air France, All Nippon Airways, Cargolux, KLM, Martinair, Qantas and SAS.  Full Article

National Australia Bank Limited and associated entities becomes initial substantial shareholder of Qantas Airways Limited
Monday, 6 Oct 2014 02:59am EDT 

Qantas Airways Limited:Says National Australia Bank Limited and associated entities becomes initial substantial shareholder of the company effective Oct. 1 with 110,102,753 ordinary shares and 5.013 pct voting power.  Full Article

National Australia Bank Limited and associated entities ceases to be substantial shareholder of Qantas Airways Limited
Wednesday, 1 Oct 2014 12:08am EDT 

Qantas Airways Limited:National Australia Bank Limited and associated entities ceases to be substantial holder of the company effective Sept. 26.  Full Article

Qantas Airways Ltd doe snot pay final and interim dividend
Wednesday, 27 Aug 2014 06:41pm EDT 

Qantas Airways Ltd:Says no interim dividend was paid in relation to year ended June 30, 2014.Says no final dividend will be paid in relation to the year ended June 30, 2014.  Full Article

BRIEF-Westjet Airlines, Qantas sign reciprocal frequent flyer agreement

* Agreement expands on existing code-share relationship between Qantas and Westjet announced in 2014