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☆ Qantas Chairman Richard Goyder to exit late next year
▼ + stars: | 2023-10-10 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne, Australia, November 6, 2018. REUTERS/Phil Noble///File Photo Acquire Licensing RightsSummaryCompanies Goyder to retire in late 2024 prior to AGMQantas' recovery after pandemic has not been easy - GoyderOct 11 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX), Richard Goyder, will leave the flag carrier in late 2024, the company said, as the embattled airline looks to rebuild its tarnished reputation. Goyder had indicated support from the company's biggest shareholders in his appearance in front of the committee. "As a board, we acknowledge the significant reputational and customer service issues facing the group and recognise that accountability is required to restore trust," Goyder said. Qantas said it has initiated the process to pick a new chairman.

Persons: Phil Noble, Richard Goyder, Goyder, Alan Joyce, Josh Gilbert, Josh, Rishav Chatterjee, Maju Samuel Organizations: Qantas, Melbourne International Airport, REUTERS, Qantas Airways, company's, High, Australia, eToro AUS, Thomson Locations: Melbourne, Australia, Bengaluru

☆ Australia's Qantas chairman says shareholders want him despite turmoil
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX) on Wednesday vowed to stay in his role despite a host of scandals engulfing the airline, saying its biggest shareholders wanted leadership continuity even as its shares track a one-year low. "I've had meetings with our major shareholders two weeks ago, and they are very strongly supportive of me staying," Goyder told the hearing. "While I retain the confidence of shareholders and the board, I will continue to serve. But she and Goyder, the Qantas chairman since 2018, denied having any discussions about the Qatari request with any member of the federal government. Qatar Airways' senior vice-president of global sales, Matt Raos, told the hearing the company was "surprised and shocked" its application was denied without a reason given.

Persons: Loren Elliott, Richard Goyder, I've, Goyder, we've, isn't, Vanessa Hudson, Jayne Hrdlicka, Hrdlicka, Matt Raos, Byron Kaye, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights, Qantas Airways, Stock, Qatar Airways, Virgin, Thomson Locations: Sydney, Australia, Virgin Australia, Qatar

☆ Pilots at Australia's Qantas demand chair quit over scandals
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +3 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. "We have totally lost confidence in Goyder and his board," AIPA President Captain Tony Lucas said in a statement. "Qantas desperately needs a culture reset but how can this happen with Richard Goyder as chairman?" Qantas declined to comment, referring Reuters to previous public comments from Goyder where he refused to quit. Goyder, who has been the airline's chairman since 2018, is not up for reelection at its annual meeting in November.

Persons: Gregg Porteous, Vanessa Hudson, Richard Goyder, Captain Tony Lucas, Goyder, Alan Joyce, Albanese, Byron Kaye, Jamie Freed Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Rights, Australia's Qantas Airways, Australian, International Pilots Association, Qantas, Reuters, Qatar Airways, Thomson Locations: Australia, Goyder

☆ Australia's Qantas flags hit from higher fuel prices
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Loren Elliott/File Photo Acquire Licensing RightsSept 25 (Reuters) - Australia's Qantas Airways (QAN.AX) said on Monday higher fuel prices were expected to drive its fuel bill higher by about A$200 million ($128.80 million) in the first half of financial year 2024. "Fuel prices have increased by around 30% since May 2023, including a 10% spike since August. This is driven by a combination of higher oil prices, higher refiner margins and a lower Australian dollar," the carrier said in a statement. The company expects a further A$50 million impact due to non-fuel-related foreign exchange changes in the first half of the current fiscal year. Qantas said the customer-improvement initiative would be funded from its profit.

Persons: Loren Elliott, Himanshi, Kim Coghill, Subhranshu Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways, Thomson Locations: Sydney, Australia, Bengaluru

☆ Qantas chairman refuses to quit amid investor pressure - ABC News
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne, Australia, November 6, 2018. But any suggestion that we took fees for no service is just wrong," Goyder said. The ABC report did not mention the names of investors and consumers who have called for Goyder's resignation. Goyder was appointed to the board in November 2017 and named chairman in October 2018. Goyder said Qantas has accepted the ruling and new CEO Vanessa Hudson will work towards settling the case, according to ABC News.

Persons: Phil Noble, Alan Joyce, Richard Goyder, Goyder, Vanessa Hudson, Roushni Nair, Sonia Cheema Organizations: Qantas, Melbourne International Airport, REUTERS, Rights Companies Qantas Airways, Australia's Qantas Airways, ABC, ABC News, Thomson Locations: Melbourne, Australia, Bengaluru

☆ Qantas ex-CEO takes 900% pay rise, but bonus cut amid scandals
▼ + stars: | 2023-09-20 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

Alan Joyce, Chief Executive Officer of Qantas, speaks with members of the media at an event celebrating Qantas' 100th birthday at Sydney Airport in Sydney, Australia, November 16, 2020. Most of the amount was share-based incentives that Joyce was allowed to cash in after they vested, according to the report. It could also "claw back" unvested stock bonuses for Joyce, currently worth A$6 million, it said. Joyce's final pay packet encapsulates his decade and a half of running the company, which dominates Australian air travel. Qantas must return to the Federal Court to determine what it must pay in penalties and compensation to affected workers.

Persons: Alan Joyce, Loren Elliott, Joyce, Richard Goyder, disquiet, Alan, Goyder, Byron Kaye, Sameer Manekar, Rashmi Aich, Gerry Doyle Organizations: Qantas, Sydney Airport, REUTERS, Rights Companies Qantas Airways Ltd, Australia's Qantas Airways, Consumer Commission, High Court, Federal, Thomson Locations: Sydney, Australia, Bengaluru

☆ Qantas ex-CEO takes nearly 900% pay rise, but bonus cut amid scandals
▼ + stars: | 2023-09-20 | by ( ) www.cnbc.com time to read: +2 min

Most of the amount was share-based incentives that Joyce was allowed to cash in after they vested, according to the report. The company was able to recall AU$8.4 million of share-based bonuses Joyce collected in the year but is not yet allowed to sell, the report added. It could also "claw back" unvested stock bonuses for Joyce, currently worth AU$6 million, it said. Joyce's final pay packet encapsulates his decade and a half of running the company, which dominates Australian air travel. Qantas must return to the Federal Court to determine what it must pay in penalties and compensation to affected workers.

Persons: Alan Joyce, Joyce, Richard Goyder, disquiet, Alan, Goyder Organizations: Qantas Airways, Qantas, Consumer Commission, High Court, Federal

☆ Qantas CEO Alan Joyce to depart early as airline looks to rebuild reputation
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: +1 min

Australia's Qantas Airways said its long-serving CEO would bring forward his retirement amid a publicity firestorm over an accusation of illegal ticket sales, signalling what the flagship carrier hopes is the end of a tumultuous period. Five days earlier, Australia's consumer watchdog sued Qantas alleging it sold tickets to some 8,000 flights in mid-2022 after they were cancelled, violating the country's consumer law. Qantas had issued two apologies, blaming tough industry conditions at the time. Over a decade and a half Joyce faced regular criticism for cutting jobs, including a 2011 decision to ground the entire Qantas fleet over an industrial dispute. Even before the fares-for-no-flights scandal, Qantas was facing negative headlines over reports it campaigned successfully to have Australia's federal government stop rival Qatar Airways from running additional flights to Australia.

Persons: Alan Joyce, Joyce Organizations: Qantas Airways, Qantas, Qatar Airways Locations: Australia

☆ Qantas to secure new planes from Airbus, Boeing
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The multi-billion dollar order is split between 12 Airbus A350s and 12 Boeing 787s, which will arrive from fiscal 2027 and into the next decade, Qantas said. Qantas said the deal was aimed at providing a replacement for its current Airbus A330 and Airbus A380 aircraft. This has the potential to meet up to 90% of the group’s interim SAF target for 2030, Qantas said. "SAF reduces lifecycle carbon emissions by up to 80 per cent and is a key part of Qantas’ emissions reduction plan," it said. Reuters earlier in the week had reported, citing industry sources, that Boeing was nearing a deal for its 787 Dreamliner aircraft with Qantas.

Persons: Loren Elliott, Vanessa Hudson, Stan Deal, Rishav Chatterjee, Shailesh Kuber, Maju Samuel Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways, Airbus, Boeing, SAF, Global, Incoming Qantas, Boeing Commercial Airplanes, Reuters, Thomson Locations: Australia, Sydney, Bengaluru

☆ Qantas focuses on international capacity recovery after record annual profit
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

"Travel demand is incredibly robust and we've taken delivery of more aircraft and opened up new routes to help meet it," Qantas Group CEO Alan Joyce said. Qantas said its group domestic capacity is expected to remain above pre-COVID levels throughout fiscal 2024. Additionally, its profit was helped by the completion of the group's A$1 billion recovery programme launched in 2020, in the wake of the COVID-19 pandemic. The results beat the mid-point of Qantas' profit outlook of A$2.43 billion to A$2.48 billion, nearly A$850 million higher than its 2018 record levels of A$1.60 billion. The company, however, did not announce a final dividend, continuing the trend of non-payment for the past three years.

Persons: Loren Elliott, Alan Joyce, Refinitiv Eikon, Roushni Nair, Archishma Iyer, Shailesh Kuber, Sherry Jacob, Phillips Organizations: Qantas, Sydney Airport, REUTERS, Australia's Qantas Airways Ltd, Thomson Locations: Sydney, Australia, Bengaluru

☆ Qantas CEO Alan Joyce sells $11 mln in shares ahead of retirement
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: +1 min

June 6 (Reuters) - Australia's Qantas Airways Ltd's (QAN.AX) outgoing chief executive, Alan Joyce, on Tuesday sold A$16.9 million ($11.3 million) of shares in the airline, ahead of his retirement in November. Joyce, who served as the airline's CEO for 15 long years, has offloaded 2.5 million shares for A$6.75 a piece, leaving him with a holding of just 228,924 in the company, according to an exchange filing. The stake disposal by the soon-to-be former chief executive comes after the flagship carrier named finance chief Vanessa Hudson as its next CEO. Shares in the airline finished Tuesday's session down 4.1%, marking its worst day in over 11 weeks. ($1 = 1.4995 Australian dollars)Reporting by Roushni Nair in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Alan Joyce, Joyce, Vanessa Hudson, Hudson, Roushni Nair, Nivedita Organizations: Australia's Qantas Airways, Thomson Locations: Bengaluru

☆ You can now pay $40 to get an empty seat next to you on some Qantas flights, and people can't decide if it's a luxury — or the airline making easy money off people
▼ + stars: | 2023-05-31 | by ( Reena Koh | ) www.businessinsider.com time to read: +3 min

Qantas's new 'Neighbor Free' program lets passengers block the seat next to them for a fee. 48 hours prior to departure, those eligible will be invited via email to buy a 'Neighbor Free' seat. The "Neighbor Free" program allows passengers to reserve the seat next to them for some extra space or perhaps to avoid an overly chatty neighbor. "I think I would pay the extra dollars, a little extra room would be lovely," said a man to Today News reporter Izabella Staskowski. On other airlines— including Singapore Airlines — hot towels and amenity kits are handed out to long-haul passengers in coach.

Persons: Izabella Staskowski, James Macpherson, it's, Macpherson, Rita Panahi Organizations: Morning, Qantas Airways, Sky News, Qantas, Air New, Singapore Airlines Locations: Sydney, Adelaide, Brisbane, Air New Zealand

"It's not a question of if it will happen, it's now just a matter of how many and how fast." As the Lunar New Year holiday - typically a peak travel period for Chinese tourists - starts on Jan. 21, some businesses are already gearing up. Japan, however, is being cautious about Chinese tourism due to the rapid spread of the virus in China. Australia, Germany, Thailand and others, however, said they would not impose additional rules on Chinese travel for now, with France taking to social media platform Sina Weibo to emphasise it welcomed Chinese friends "with open arms". "I suspect any meaningful rebound will have to wait until the travel boom in June or July next year."

☆ Qantas soars on profit view hike, likely shareholder returns next year
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

In its second profit upgrade in six weeks, the carrier expects first-half underlying profit before tax between A$1.35 billion and A$1.45 billion ($898.02 million and $964.54 million), above prior expectation of between A$1.2 billion and A$1.3 billion. Analysts at UBS in a note said "strong demand plus Qantas' strategy to focus on profitability rather than growth will support earnings momentum into FY24". Qantas now also expects its net debt to be between A$2.3 billion and A$2.5 billion by 2022 end, A$900 million lower than its previous estimate. "Low levels of net debt put the board in a position to consider future shareholder returns in February 2023," the airline said, adding 76% of the A$400 million share buyback program announced in August has been completed. UBS expects Qantas to announce additional share buy-backs of A$300 million in second-half of fiscal 2023 and A$500 million in fiscal 2024.

☆ Qantas 'disappointed' at regulator delaying Alliance Aviation deal verdict
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

Oct 28 (Reuters) - Australia's Qantas Airways Ltd (QAN.AX) on Friday "expressed disappointment" at the country's competition regulator delaying its decision on the carrier's $394 million buy of Alliance Aviation Services (AQZ.AX). In May, Qantas said it was buying the remaining 80% stake in charter flights operator Alliance Aviation Services for A$610.8 million ($394.03 million). read moreAlliance Aviation's charter alliance agreement with Virgin Australia also hangs in the balance, with the ACCC proposing to deny approval for the firms to extend their agreement. If Qantas succeeds in buying Alliance Aviation, the charter alliance deal extension is even less likely to go through. Alliance Aviation's shares last traded at A$3.23, a 32% discount to Qantas' offer price of A$4.75.

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