Australia has approved a second airport for Sydney, in the government's latest move to improve the infrastructure in the country's biggest city.» Read More
SYDNEY, Feb 28- Whether through error or circumstance, Qantas Airways Ltd's spectacular fall from grace is giving chief executive Alan Joyce his best chance of steering the airline toward long-term salvation. If Canberra is convinced Qantas is in peril, it may have little option but to abandon decades of resistance and provide state aid.
SYDNEY, Feb 27- Qantas Airways Ltd is axing 15 percent of its workforce, slashing spending and selling gas-guzzling older planes after stiff competition at home and overseas pushed the Australian flag carrier deep into the red in the first half.
The disappointing report came as Australia's iconic airline Qantas Airways announced plans to cut 5,000 jobs over the next three years to help it withstand fierce competition.
SYDNEY, Feb 27- Australian carrier Qantas Airways Ltd plans to cut 15 percent of its workforce, sell older jets and reduce capital spending after reporting a first-half loss amid growing competition in both international and domestic operations.
Asian shares were mostly in the green on Tuesday, after a positive handover from the U.S. sent majority of equity markets, particularly Japanese shares, higher.
Australia's government is expected to come to the aid of struggling flag carrier Qantas, but what form that assistance takes remains unclear.
SYDNEY, Feb 25- The Australian government said on Tuesday it is looking at ways to assist Qantas Airways Ltd after the carrier declined to comment on reports it is preparing to axe up to 5,000 jobs and sell some assets.
A slew of data from Japan this week is likely to be in focus amid concerns that momentum in the country’s economic recovery is waning.
Japan's benchmark index rallied to a near three-week high on Tuesday following the Bank of Japan's monetary policy announcement.
Southeast Asia's low-cost carriers are flying high with growth in air travel, but concerns are rising about its ability to absorb record plane orders.
*AirAsia and Lion Air in race to order fuel efficient planes. SINGAPORE, Feb 9- Low-cost carriers are flying high in Southeast Asia on the back of sharp growth in air travel, but as hundreds of new jets swarm into the region concerns are rising about its ability to absorb the record numbers of planes on order.
Asian equity markets were mostly lower on Thursday after China's annual consumer inflation hit a seven-month low in December.
Japanese stocks outperformed on Wednesday on hopes that Prime Minister Shinzo Abe will unveil details on key reforms.
A string of negative headlines out of corporate Australia threatens to undermine business sentiment, casting a cloud over it's economic outlook.
*GM exit plans follows Ford, concerns about Toyota future. *Toyota says decision puts it under "unprecedented pressure".
Travel headlines for Friday include confirmation of Southwest's expansion at LaGuardia and sweet-spot holiday travel dates.
SYDNEY, Dec 6- Australia's prime minister Tony Abbott spurned a plea for help from Qantas Airways Ltd on Friday, saying subsidising the embattled airline would be "a bottomless pit" as its credit rating was relegated to junk status.
Asian stocks were mixed on Friday, as focus turned to the release of U.S. jobs data for clues on when the Fed could cut back its stimulus program.
SYDNEY, Dec 6- Ratings agency Standard& Poor's has cut Qantas Airways Ltd's credit ratings to junk grade with a negative outlook after the Australian carrier shocked investors on Thursday with a loss warning.
Travel news headlines for Thursday include a profit warning from Qantas, ice storms in the U.S. and wind warnings in Europe.