Qantas has pushed back the deadline for exercising the first of its 50 options and purchase rights for Boeing 787 Dreamliner aircraft for 12 months and confirmed it has delayed delivery of Airbus A320neos for Jetstar by four years. The airline group also plans to reduce its overall fleet to below 300 aircraft during 2014/15 as
Qantas chief executive Alan Joyce is predicting brighter skies ahead for the airline group after handing down a full year loss in excess of $2 billion for 2013/14. The $2.843 billion statutory net loss for the 12 months to June 30 2014, was impacted by writedowns to the carrying value of the Qantas’s Airbus A380,
Qantas says it will conduct a structural separation of the Flying Kangaroo’s domestic and international arms to increase the potential for future investment. The proposed new structure was announced at the airline group’s full year results presentation on Thursday, which showed a full year statutory net loss of $2.8 billion in 2013/14. The full year
Qantas says its group domestic operations – Qantas Domestic (including QantasLink) and Jetstar – have posted an underlying EBIT of “just below” $50 million for the 2014 financial year, which CEO Alan Joyce says makes them “in all likelihood, the only profitable airlines in the domestic market”. While the Qantas accounts do not break out Jetstar’s domestic and
Qantas’s struggling international operations and weakness in the local domestic market has pushed the airline into the red to the tune of a $2.843 billion full year net loss. The result for the 12 months to June 30 2014, was much worse than market consensus of an $828 million full year loss, according to a median
Air New Zealand’s jet fleet will remain stable at 51 aircraft in 2014/15, with seven new deliveries to be offset by the retirement of seven ageing aircraft. New jet aircraft to arrive in the current financial year includes two Boeing 787-9 Dreamliners, one Boeing 777-300ER and four narrowbody Airbus A320s. They will replace two 747-400s
