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Qantas has unveiled a "wellbeing zone" for its much-hyped Project Sunrise flights. Virtual rendering of what the Qantas "wellbeing zone" will look like. QantasThe "wellbeing zone" will sit between the economy and premium-economy classes. Qantas Wellbeing Zone. Qantas seats.
Persons: Alan Joyce Organizations: Qantas, Morning, Qantas Airways, Singapore Airlines Locations: Sydney, New York, London, Australia, Singapore Airlines ', York, Singapore
On Wednesday, Qantas launched service between New York and Sydney with a stop in Auckland, New Zealand, on Boeing 787 Dreamliners, instead of a previous stop in Los Angeles. But the Australian carrier is focusing on even longer routes: Nonstop flights from Sydney to New York and London. Flights could clock in at around 20 hours, enough time to watch most of the Star Wars Skywalker Saga. The airline estimates the new routes could reduce travel time by more than three hours compared with flights with stops in other airports. Qantas is planning to operate the new nonstops on ultra-long-range Airbus A350-1000 planes starting as soon as late 2025.
Persons: Alan Joyce, Joyce Organizations: Wednesday, Qantas, Boeing, Star, CNBC, Airbus Locations: New York, Sydney, Auckland , New Zealand, Los Angeles, London, Australia
Qantas Airways updated its uniform policy allowing female staff to abandon high heels. The new rules allows anyone to wear makeup, but tattoos still need to be concealed. Another airline has given its presentation rules a makeover, letting female flight attendants abandon high heels and allowing anyone to wear makeup. Anyone can wear makeup if they choose to, and have hair in a ponytail or bun. In March, Spanish airline Vueling was reportedly fined 30,000 euros (about $32,000) for enforcing a strict high heel and makeup policy in its female cabin crew.
Persons: sideburns, Alan Joyce, Imogen Sturni, Vueling, Virgin Atlantic Organizations: Qantas Airways, Qantas, Australian Services Union, BBC, Jetstar, Virgin Locations: Spanish
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
[1/2] Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File PhotoMay 30 (Reuters) - Qantas Airways (QAN.AX) on Tuesday forecast its international divisions to be twice as profitable in the post-COVID era on strong recovery in tourism, with earnings at domestic and loyalty divisions also projected to improve. Qantas also expects its Loyalty division to reach its fiscal 2024 earnings before interest and taxes target of A$500 -A$600 million, rising further to A$800 million to A$1 billion by fiscal 2030. Qantas reaffirmed its 2024 capital expenditure forecast provided in February of between A$3 billion and A$3.2 billion. Qantas shares were trading 1.8% higher as at 0300 GMT, marking their biggest intraday gain in nearly a week.
Qantas eyes return to 100% of pre-COVID capacity by March 2024
  + stars: | 2023-05-19 | by ( ) www.reuters.com   time to read: +1 min
May 19 (Reuters) - Qantas Airways Ltd (QAN.AX), Australia's flagship carrier, said on Friday it expects its international capacity to reach about 100% of pre-COVID-19 levels by March 2024, as it plans to add more seats and aircraft to its global network. The carrier plans to add about 1 million seats to its international network over a 12-month period starting late-October, Qantas said. "The rebound in demand for international travel since borders reopened has been incredibly strong...," CEO Alan Joyce said in a statement, while flagging a mismatch between supply and demand for international flying. Qantas swung to a record profit in the first half of this financial year as raging travel demand jacked up fares and earnings. The airline will need about 300 more pilots and cabin crew by the end of the year to support extra flying, it said.
Hudson will be one of the few female executives leading a major company in Australia, although rival carrier Virgin Australia also has a woman as its CEO, Jayne Hrdlicka. "I come with an understanding of this organization that is very deep," Hudson told reporters in her first news conference as CEO designate. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. Though men still account for far more top executive roles in Australian-listed companies, a growing number of high-profile CEO roles are occupied by women, including at the No. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.
SYDNEY, May 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), said on Tuesday that long-serving CEO Alan Joyce would step aside in November, and named Vanessa Hudson as its next chief executive officer. * November 2008 - Irish-born Alan Joyce is appointed as Qantas chief executive. * April 2009 - Joyce cuts 1,750 jobs, the first major cull under his leadership, as the airline feels the full impact of the global financial crisis. * October 2016 - Joyce orchestrates a turnaround and delivers record profits and the first dividend to shareholders since 2009. * February 2023 - The airline swings to a record first-half profit on a strong demand recovery and high ticket prices.
SummarySummary Companies Hudson is the first female CEO to lead the airlineNew CEO to take over from Alan Joyce in NovemberMay 2 (Reuters) - Australia's flagship carrier, Qantas Airways Ltd (QAN.AX), on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note. SUCCESSION PLANSJoyce, 56, served as Qantas CEO for more than 14 years and helped navigate the airline through the COVID-19 pandemic, fluctuating fuel prices, and competition. Qantas said Hudson would continue in her current role until taking over as Qantas' 13th CEO at the 2023 annual general meeting.
Vanessa Hudson, chief financial officer of Qantas Airways, speaks during a news conference in Sydney on Feb. 23, 2023. Australia's flagship carrier, Qantas , on Tuesday named its finance chief Vanessa Hudson as its new chief executive officer, making her the first woman to lead the century-old airline. Hudson, who joined Qantas 28 years ago, had held several senior roles there, including chief customer officer and senior vice president for the Americas and New Zealand. Hudson's appointment makes her one of the few female executives leading an airline, including Virgin Australia CEO Jayne Hrdlicka. "Vanessa has been market-facing as CFO since October 2019, which will have prepared her well for the very public role as Qantas CEO," RBC Capital Markets analyst Owen Birrell said in a note.
May 2 (Reuters) - Australia's flag carrier, Qantas Airways Ltd (QAN.AX), on Tuesday, said it would be appointing finance chief Vanessa Hudson as its new chief executive officer once Alan Joyce retires in November. In its history, Qantas has never had a female CEO. He's faced more than his fair share of challenges as CEO and he's managed them exceptionally well," Qantas Chairman Richard Goyder said. Qantas said Hudson will continue in her current role while also designating for the role of CEO. She will take over as Qantas' 13th CEO at the 2023 annual general meeting.
But passengers in Asia Pacific are currently grappling with bigger price jumps than other regions, highlighting the uneven global recovery. Economy fares to Asia from North America and Europe are set to rise 9.5% and 9.8% this year from last year, respectively, Amex GBT forecasts show. “In the markets where restrictions have been the last to lift, and hence [flight] capacity last to be restarted, the difference in fares is the highest,” said Aitken. Despite China’s reopening, outbound flight capacity “is currently only at 15% to 20% of pre-Covid levels,” according to Trip.com (TCOM) CEO Jane Sun. The restrictions have remained, and those most heavily impacted are between Asia and North America or Europe.
Regional rival Air New Zealand Ltd (AIR.NZ) also reported a swing to profit in the first half ended Dec. 31 on Thursday, along with a muted outlook. Qantas Chief Executive Alan Joyce said cost of living pressures would hit discretionary spending "at some point" but so far the airline expected robust demand into mid-2024 at least. Qantas said it was facing delays of up to six months in new aircraft deliveries from Airbus SE (AIR.PA) alongside other airlines around the world. The Australian carrier said it would bolster its fleet by acquiring some older Airbus planes and exercising nine options for A220 purchases to help meet travel demand growth. "Outlook for RASK is to reduce, however off what we estimate were elevated levels," said Citi analysts in a client note.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur international business is getting back to pre-Covid capacity 'quite rapidly,' says Qantas CEOAlan Joyce of the Australian airline discusses how it's been faring on the international and domestic fronts after the height of the pandemic.
Qantas CEO Alan Joyce says he expects the airline to see a full return to pre-Covid capacity in 2024. "We're confident that we'll get back ... 100% of our pre-Covid international capacity, and well over 100% for our domestic capacity," Joyce projected for financial year 2024. ″[There is] really strong demand in leisure, in business ... in corporate," he told CNBC, adding that the pent-up demand will continue for some time. Qantas reported record half-year profits in the six months ended December 2022, but shares still closed 6.8% lower on Thursday. The flagship carrier recorded underlying profit before tax of $1.43 billion Australian dollars ($975.2 million) in half-year ended Dec. 31.
Qantas swings to first-half profit, announces buy-back
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +1 min
Feb 23 (Reuters) - Qantas Airways Ltd (QAN.AX) posted first-half profit at the top end of its forecast range and announced a A$500 million ($340.30 million) share buy-back on Thursday, as demand for air travel rebounded strongly despite higher fares. The airline said the turnaround to profit was "underpinned by strong travel demand with revenue strength offsetting record fuel prices" during the period. Qantas Chief Executive Alan Joyce said "supply chain and resourcing issues meant capacity hasn't kept up with demand." "Now those challenges are starting to unwind, we can add more capacity and that will put downward pressure on fares." Qantas warned ongoing challenges in the industry, including aircraft manufacturer delays, supply chain snarls and labor constraints, continued to adversely affect operations.
SYDNEY, Nov 4 (Reuters) - Qantas Airways Ltd's (QAN.AX) CEO succession planning is in good shape even though long-serving boss Alan Joyce is expected to stay until at least the end of 2023, the airline's chairman said on Friday. "The board looks at succession each year at almost every meeting, but specifically twice a year," Chairman Richard Goyder told shareholders at the company's annual meeting in Sydney. "The board feels we are in good shape for CEO succession as and when that will occur." Goyder said the airline had strong internal candidates to succeed Joyce, though it would also canvass the external market when needed. The leading internal candidates include chief financial officer Vanessa Hudson, loyalty division head Olivia Wirth and new Jetstar head Stephanie Tully, according to analysts.
Qantas expects to report first-half underlying earnings before tax of between A$1.2 billion ($753.12 million) and A$1.3 billion, up from a similar-sized loss the prior year. "We now expect it to be a very strong profit," Qantas Chief Executive Alan Joyce told reporters of the first half. He declined to provide an outlook for the second half beyond noting that international ticket prices were expected to moderate as Qantas and rivals added capacity. Qantas has traditionally reported stronger profits in the first half than the second half because of seasonal effects and it also faces rising economic headwinds and a higher fuel price. Joyce said inflation and interest rate increases had not yet dented travel demand and higher fares were allowing it to recover the increased cost of fuel.
Qantas shareholders take cautiously to the skies
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +2 min
MELBOURNE, Oct 13 (Reuters Breakingviews) - Shareholders have become accustomed to bad news from airlines. So it’s only fitting that Qantas Airways’ (QAN.AX)prediction on Thursday of bumper earnings prompted a somewhat muted response. The $6 billion Australian carrier reckons its underlying pretax profit for the six months to the end of December will be between A$1.2 billion and A$1.3 billion ($753 million and $815 million). But it implies investors are factoring in just A$130 million of additional earnings on an annual basis, after applying the stock’s almost 10 times forward earnings multiple and assuming a constant tax rate. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
The airline said on Thursday it expected to swing to a first-half underlying profit of between A$1.2 billion ($753.12 million) and A$1.3 billion, up from a similar-sized loss the prior year. Register now for FREE unlimited access to Reuters.com Register"We now expect it to be a very strong profit," Qantas Chief Executive Alan Joyce told reporters of the first half. He declined to provide an outlook for the second half beyond noting that international ticket prices were expected to moderate as Qantas and rivals added capacity. Joyce said inflation and interest rate increases had not yet dented travel demand and higher fares were allowing it to recover the increased cost of fuel. Qantas, like domestic rival Virgin Australia and many other airlines globally, suffered from a rise in delays, cancellations, lost baggage and staffing issues this year as travel demand rebounded.
Qantas said menu changes mean vegetarian meals may not be available for passengers on some flights. One passenger said he had been able to get vegetarian meals on Qantas flights since the 1990s. The Qantas representative added that customers could still book special meals, including vegetarian and vegan food, on longer flights. One frequent Qantas flier told The Guardian he had been able to get vegetarian options on flights in Australia since the 1990s. The passenger, John Dee, accused Qantas chief executive, Alan Joyce, of alienating a "significant percentage of Qantas passengers" as around 10% of Australians had adopted a plant-based diet.
Șeful transportatorului aerian, Alan Joyce, a declarat că aceasta va fi „o necesitate" atunci când vor fi disponibile vaccinuri, scrie digi24.ro. Australia și-a închis frontierele la începutul pandemiei și le-a cerut celor care se întorc în țară să intre în carantină. Mai recent, țara s-a bazat pe blocaje, testări pe scară largă și depistarea rapidă contactelor pentru a împinge infecțiile zilnice la un nivel apropiat de zero. Într-un interviu acordat luni rețelei australiene Nine, Joyce a spus că Qantas se uită la modalități de a-și schimba termenii și condițiile pentru pasagerii internaționali, deoarece industria, care a fost puternic afectată de restricțiile de călătorie, analizează modalitățile de a merge mai departe. „Vom solicita oamenilor să se vaccineze înainte de a putea urca în aeronavă ... pentru pasagerii internaționali care ies și pentru oamenii care părăsesc țara credem că este o necesitate", a declarat el.
Persons: Alan Joyce, Joyce Locations: Australia
Oficialul a lăsat însă să se înţeleagă faptul că cerinţa pentru intrarea pe teritoriul ţării ar putea fi ori o carantină strictă de două săptămâni, ori vaccinarea. La rândul său, directorul companiei aeriene australiene Qantas a indicat că aceasta va impune vaccinarea prealabilă a pasagerilor care efectuează zboruri internaţionale. Această politică de izolare pare să fi dat roade deoarece Australia a înregistrat de la începutul pandemiei doar 907 de decese la puţin peste 27.800 de cazuri de infectare. Într-un moment în care dezvoltarea vaccinurilor pare să se accelereze, Hunt a sugerat că australienii ar putea începe să se vaccineze din martie. Afectată sever de reducerea bruscă a traficului aerian din cauza epidemiei, ca orice altă companie aeriană din lume, Qantas a disponibilizat 8.500 de angajaţi şi a ţinut la sol peste 200 de avioane.
Persons: Greg Hunt . Oficialul, Alan Joyce, Hunt, Qantas Organizations: australiene Qantas, Channel Nine, Air, Japan Airlines, Virgin Locations: Australia, străinătate, Virgin Australia, LATAM
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