Australian police locked down the center of Sydney after an armed man took hostages, igniting fears of a jihadist attack.» Read More
*Forecasts underlying H1 profit between $249- 290 mln. SYDNEY, Dec 8- Qantas Airways Ltd said Monday it expects to post its best first-half result since 2010 as a A $2 billion cost-cutting program bears fruit and lower oil prices trim fuel costs, sending its shares to a three-and-a-half year high. Qantas said underlying first-half profit would be between A $300...
SYDNEY, Dec 8- Qantas Airways Ltd said on Monday it expects to post its best first-half profit since 2010 on the back of a faster-than-anticipated rebound following last year's record loss. The airline said underlying first-half profit would be between A $300 million and A $350 million, bolstered by rapid progress in its A $2 billion turnaround program and...
The German magazine said Deutsche Bahn would submit the suit to the regional court in Cologne on Monday, seeking damages from 11 airlines including Lufthansa and British Airways. Deutsche Bahn already announced in August it was suing in the United States for the same price fixing. The airlines' cartel was first exposed seven years ago and triggered fines in the...
*Oil fell to four-year low of $72 on Thursday. SINGAPORE, Nov 28- Airlines in Asia-Pacific are holding off from hedging their fuel costs as they wait for oil to dip below $70 a barrel in hopes of securing lower prices, industry executives said on Friday. The benchmark Brent crude oil price fell more than $6 to under $72 a barrel on Thursday, its lowest since July 2010,...
Nearly 18 months after the low-cost carrier, backed by Australia's Qantas Airways and Shanghai- based China Eastern Airlines, lodged an application for a licence, Hong Kong authorities are still weighing its approval. Budget airlines account for just 8 percent of the capacity out of Hong Kong, compared with 30 percent in Singapore and 50 percent in Kuala Lumpur...
Asian share markets were mostly lower on Tuesday following a mixed morning session as investors digested key data from China.
Airline Virgin Australia has coughed up a whopping one Australian dollar to buy the 40 percent of Tiger Australia it didn't already own.
Asian equity markets were mostly higher on Tuesday with Shanghai and Japanese shares leading the gains despite the absence of a U.S. lead.
SYDNEY, Sept 1- Australia's flagship airline, Qantas Airways Ltd, is making a mint helping other companies keep their customers- even as it struggles to retain the loyalty of its own. Rival carrier Virgin Australia Holdings announced on Friday it was offloading a stake in its loyalty plan.
Asian stock markets declined on Thursday in a quiet session amid a lack of catalysts.
SYDNEY, Aug 28- Qantas Airways Ltd is looking past a record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to significant foreign investment in the airline's international arm- its biggest headache.
SYDNEY, Aug 28- Qantas Airways Ltd reported its biggest ever financial loss on Thursday after writing a hefty A $2.6 billion off the value of its fleet due to a company restructure.
SYDNEY, Aug 28- Qantas Airways Ltd on Thursday reported its biggest financial loss ever after taking a hefty A $2.6 billion writedown due to a company restructure that includes a re-valuing of its fleet.
BERLIN, Aug 19- Deutsche Bahn is suing airlines in the United States for operating a price-fixing cartel affecting its freight business between 1999-2006, the German transport company told Reuters.
NEW YORK, July 29- Awas, the aircraft leasing company owned by British private equity firm Terra Firma, is working on a break-up that could value the Dublin- based lessor at roughly $13 billion, according to people familiar with the matter.
PARIS, July 28- European planemaker Airbus is set to lose its only Japanese customer for the A380 superjumbo as Skymark Airlines prepares to cancel an order for six jets worth more than $2 billion, industry sources said on Monday. An Airbus spokesman declined to comment on the threat to the Skymark order, which was first reported by Bloomberg News.
SINGAPORE/ KUALA LUMPUR, July 23- Singapore's civil aviation authority has asked airlines based in the city-state to review their risk assessment of conflict zones following the shooting down of a Malaysia Airlines jetliner over Ukraine last week.
*Qantas, British Airways among airlines to avoid Ukraine. SYDNEY, July 18- Qantas Airways and several other airlines altered their flight paths some time ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.
*Qantas, Air Berlin among airlines to shift route ahead of crash. SYDNEY, July 18- Airlines including Qantas Airways and Air Berlin altered their flight paths months ago to avoid Ukrainian air space after fighting flared up in the region, raising questions about why others did not do the same.
*Ukraine says rebel missile shoots down Boeing 777 with 298 aboard. HRABOVE, Ukraine, July 18- World leaders demanded an international investigation into the shooting down of a Malaysian airliner over eastern Ukraine in which all 298 people on board were killed, a tragedy that could further heighten tensions between Russia and the West.