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Qantas Airways Ltd

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  • SINGAPORE, June 30- Financial markets around the world will open on Wednesday with a tinge of apprehension, not just because of developments in Greece or China, but because of an extra second. A "leap second" is being added to the world's clocks at midnight GMT on Tuesday, which could test the extremely sensitive trading systems of the modern algorithmic era,...

  • World's markets brace for Wednesday's leap second Tuesday, 30 Jun 2015 | 7:24 AM ET

    SINGAPORE, June 30- Financial markets around with world will open on Wednesday with a tinge of apprehension, not just because of developments in Greece or China, but because of an extra second. A "leap second" is being added to the world's clocks at midnight GMT on Tuesday, which could test the extremely sensitive trading systems of the modern algorithmic era,...

  • Hong Kong rejects Jetstar budget airline bid Thursday, 25 Jun 2015 | 7:00 AM ET

    HONG KONG— Hong Kong regulators on Thursday rejected an application for a budget airline joint venture involving Australia's Qantas and China Eastern Airlines, saying it could not be considered a local carrier. Under Hong Kong's mini-constitution, the Basic Law, which came into force after China took back control of the city from Britain in 1997, airlines...

  • In a response to AirAsia shares falling to five-year lows, the CEO said the group plans to issue as much as $150 million in convertible bonds at each of its Philippine and Indonesian associates. Fernandes, who has led AirAsia's rise to a billion-dollar business from a two-plane operation in 2002, wrote in his letter that the company may also sell and lease back up...

  • SINGAPORE, June 15- AirAsia Bhd, Asia's biggest budget airline, plans to raise funds at loss-making associates by issuing up to $300 million in bonds and may sell planes to help cut group debt, Chief Executive Tony Fernandes said in a letter to investors. Fernandes, who has steered AirAsia into a billion-dollar business from a two-plane operation in 2002, said the...

  • May 26- Security researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his underseat entertainment unit. Other security researchers say Roberts- who was quoted by the FBI as saying he once caused "a sideways movement of the plane during a flight"- has helped draw...

  • UPDATE 1-Suicidal pilots hard to spot, say experts Friday, 27 Mar 2015 | 9:27 AM ET

    SINGAPORE/ SYDNEY, March 27- As investigators try to find out why a young German pilot deliberately crashed a passenger jet into the French Alps on Tuesday, pilots and psychologists warn it may be impossible to prevent similar incidents in the future. The International Civil Aviation Organization, which sets global aviation standards, recommends that someone...

  • SINGAPORE/ SYDNEY, March 27- As investigators probe why a young German pilot deliberately crashed an Airbus A320 passenger jet into the French Alps on Tuesday, pilots and psychologists warn there is no foolproof way to prevent similar incidents in the future. Asian airlines including Cathay Pacific, Japan Airlines, Qantas Airways and Singapore Airlines said...

  • SEOUL/ SINGAPORE, March 17- Singapore Airlines Ltd is in talks to buy a stake in South Korea's largest low-cost carrier Jeju Air Co Ltd, a deal that would be the flag carrier's first foray into North Asia where rising demand from Chinese passengers is fuelling growth. Singapore Airlines and Jeju Air said on Tuesday they were in talks about a possible investment, but...

  • Qantas reports first-half profit with new strategy Wednesday, 25 Feb 2015 | 9:21 PM ET
    Qantas Airlines Boeing 747.

    Australia's Qantas Airways on Thursday reported its best first-half profit in four years thanks to cost-cutting and lower oil prices.

  • 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...

  • Is Singapore getting airport crazy? Tuesday, 24 Feb 2015 | 11:32 PM ET
    Singapore's Changi Airport

    Singapore is budgeting $3 billion for a fifth airport terminal before the fourth is even completed, but it isn't clear the travelers will come.

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

    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...

  • 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.