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Qantas Airways Ltd

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  • Global stocks higher on Chinese, German data Thursday, 26 Feb 2015 | 3:19 AM ET

    SEOUL, South Korea— Global stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. KEEPING SCORE: Britain's FTSE 100 was nearly flat at 6,937.52 while Germany's DAX inched up 0.1 percent to 11,221.95. ASIA'S DAY: Japan's Nikkei 225 rose 1.1 percent to 18,785.79 while Hong Kong's Hang...

  • Qantas rebounds from loss to post $162 M half-year profit Wednesday, 25 Feb 2015 | 7:13 PM ET

    SYDNEY— Qantas Airways Ltd. on Thursday posted a 206 million Australian dollar profit for the first six months, rebounding from a $2.6 billion loss for the year. Australia's largest airline said in a statement the latest profit for the six months through December was its best half-year result since 2010.. Qantas said the improvement reflected its...

  • SYDNEY, Feb 26- Australia's Qantas Airways Ltd on Thursday reported its best first-half profit in four years as its cost-cutting programme bore fruit and lower oil prices trimmed fuel expenses. Qantas said underlying profit before tax, the most closely watched measure, was A $367 million, overshooting its own forecast in December of a profit between A $300...

  • SYDNEY, Feb 26- Australia's Qantas Airways Ltd on Thursday reported its best first-half profit in four years as its cost-cutting programme bore fruit and lower oil prices trimmed fuel expenses. Qantas said underlying profit before tax, the most closely watched measure, was A $367 million, overshooting its own forecast in December of a profit between A $300...

  • Travel without leaving your seat: Qantas goes VR Saturday, 14 Feb 2015 | 5:00 PM ET

    In a first, Australian carrier Qantas will make Samsung's virtual reality headsets available to high-end flyers on some overseas trips.

  • Asian airlines: Despite oil we're still raising fares Tuesday, 27 Jan 2015 | 6:36 PM ET

    Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, butcarriers are likely to bump up fares to maintain margins.

  • SYDNEY/ SINGAPORE, Jan 27- Asian airlines are slashing fuel surcharges as oil prices hover at six-year lows, but passengers hoping for cheaper tickets will be disappointed as carriers are likely to bump up fares to maintain margins. Australia's Qantas Airways Ltd became the latest airline to eliminate the surcharge on Tuesday, but at the same time said it was...

  • Qantas hikes base ticket prices even as oil slumps Monday, 26 Jan 2015 | 10:21 PM ET

    Qantas Airways will raise base ticket prices to offset drop of fuel surcharges, a move against calls for the airline industry to lower fares.

  • SYDNEY, Jan 27- Qantas Airways Ltd said it would be raising base ticket prices to compensate for the axing of a separate fuel surcharge, pushing back against calls for the airline industry to lower fares in the wake of falling oil prices. Oil is now 60 percent cheaper than it was at its June peak, fuelling an anticipated near $5 billion increase in global industry...

  • SYDNEY, Jan 27- Qantas Airways Ltd said on Tuesday it is restructuring its international tariffs to absorb fuel surcharges into base fares, adding that lower oil prices put airlines in a better position to invest in new aircraft, lounges and routes. Qantas was prompted into the change by arch rival Virgin Australia Holdings Ltd, which removed its last remaining...

  • SYDNEY/ SINGAPORE, Dec 31- The sheer volume of flights in the skies over Southeast Asia is putting pressure on outdated air traffic control and on pilots to take risky unilateral action in crises such as that possibly faced by AirAsia Flight QZ8501. Pilots who have flown the Indonesia to Singapore route say it's not unusual for delays to requests to increase...

  • Hostages held in Sydney cafe, jihadist attack fears Monday, 15 Dec 2014 | 7:08 AM ET
    Police close a street where a cafe is being used to hold hostages in the central business district of Sydney on December 15, 2014.

    Australian police locked down the center of Sydney after an armed man took hostages, igniting fears of a jihadist attack.

  • China's benchmark index tumbled as much as 6 percent in the last hour of trade after rallying to a three-and-half-year high of 3,091 points earlier.

  • Asian equities were mostly higher on Monday as investors brushed off weak data, with China's benchmark index rising to a three-year high.

  • *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...

  • Deutsche Bahn to sue airlines over cargo cartel Sunday, 30 Nov 2014 | 9:46 AM ET

    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 equities were mixed on the last trading day of the week as concerns over Ebola and China offset gains on Wall Street.