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QantasAirways

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News

Bleaker economy could sour airline industry's bet on cargo planes

* Graphic: By Jamie Freed SINGAPORE, Sept 22 (Reuters) - The airline industry's record-breaking scramble to convert older passenger jets to freighters during the travel-starved years of the coronavirus pandemic threatens to bring a glut of cargo space as a dimming global economic picture hits demand. Analysts say aircraft lessors, who helped drive a tripling in annual conversions since 2019, now face not only fallout from falling rates for cargo and freighter leases, but could get stuck with exc
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Australia companies split: miners boom, airlines turn up, retailers slump

* Dichotomy replacing 'pre-pandemic harmony' - analyst * Miners benefit from Ukraine-related commodities boom * Qantas sees strong demand ahead after COVID * Inflation, rate hikes pummel grocers like Woolworths * Banks hurt by higher rates, housing downturn By Byron Kaye and Jaskiran Singh SYDNEY, Aug 25 (Reuters) - Australia's companies are split, as big miners and airlines expect higher profits on soaring commodities prices and a rebound from COVID-19, while supermarkets, banks and manufacture
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Qantas shares soar on surprise buyback as demand returns

* Annual underlying loss widens, but outlook brighter * Airline to buy back A$400 mln of shares * Winds back planned increases in domestic capacity By Jamie Freed SYDNEY, Aug 25 (Reuters) - Qantas Airways Ltd QAN.AX said on Thursday it would buy back up to A$400 million ($276 million) of shares after the lifting of COVID curbs spurred a strong rebound in travel demand, surprising the market and sending its shares up 6%.
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Australian regulator raises competition concerns on Qantas buying out charter operator

By Jamie Freed SYDNEY, Aug 18 (Reuters) - Australia's competition regulator said on Thursday that Qantas Airways Ltd's QAN.AX proposed purchase of the remainder of charter operator Alliance Aviation Services Ltd AQZ.AX for A$610.8 million ($423.41 million) raised concerns. "We are concerned that this proposed acquisition is likely to substantially lessen competition for air transport services to and from regional and remote areas in Queensland and Western Australia for corporate customers," Aust
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Return of the superjumbo: A380 makes comeback despite high oil prices

By Jamie Freed and Tim Hepher DOHA, June 21 (Reuters) - Two years ago, dozens of Airbus AIR.PA A380s set course for storage in sites from rural France to the Gulf as the outbreak of COVID-19 accelerated the demise of the world's largest jets. Now, the iconic European double-decker is gaining a new lease on life as airlines scramble to cope with rising demand and shortages of newer models, though for how long is unclear.
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