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Search resuls for: "Qantas Airbus"


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Qantas used an Airbus A380 to replace three flights from Melbourne to Sydney on Friday. Demand for air travel has been "incredibly high" during Taylor Swift's Australian tour, Qantas said. AdvertisementAustralia's Qantas flew an Airbus A380 from Melbourne to Sydney on Friday to help cope with huge demand for air travel during Taylor Swift's Eras Tour. AdvertisementCoupled with "incredibly high demand" for flights into the city because of Swift's tour, Qantas decided to operate a special flight to transport the passengers. Swift's tour has been huge for local economies.
Persons: Taylor, , Swift, Sebastian Kahnert, QF7168, she's, AirDNA Organizations: Qantas, Airbus, Service, Australia's Qantas, Boeing, Qantas Airbus, Getty, Wales Locations: Melbourne, Sydney, Boston, Pittsburgh, Los Angeles, London, Singapore, Flightradar24, Cardiff, Warsaw, Poland
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.
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