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Top related persons:
Alan Joyce - 2 Roushni Nair - 2 Loren Elliott - 1 Refinitiv Eikon - 1 Archishma Iyer - 1 Shailesh Kuber - 1 Sherry Jacob - 1 Phillips - 1
Top related locs:
Bengaluru Sydney Australia
Top related orgs:
Thomson - 2 Qantas - 1 Sydney Airport - 1 REUTERS - 1 Australia's Qantas Airways Ltd - 1 Australia's Qantas Airways - 1

Search resuls for: "Australia's Qantas Airways Ltd"


4 mentions found


☆ 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
☆ 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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