Qantas announced (22-Jun-2011) it now expects to report underlying profit before tax for the 12 months ending 30-Jun-2011 in the range of AUD500 million to AUD550 million. The revision is a result of disruption from the Chilean volcano, a factor which remains a material variable to the group’s FY11 result. Qantas said as of Monday 20-Jun-2011, the disruptions caused by volcanic ash were estimated to have cost the group AUD21 million. Given the continuing disruptions, Qantas has not provided a more specific guidance range at this stage. The group's shares have been placed in trading halt at its request , pending the release of an announcement by CEO Alan Joyce, expected to be made today 22-Jun-2011. Qantas shares will remain in trading halt until either the announcement or the commencement of normal trading on Friday 24-Jun-2011. [more]
Qantas lowers profit guidance
You may also be interested in the following articles...
South Pacific aviation markets will be defined by China’s expansion
The nature of the South Pacific's geography makes finding the right partners for its airlines essential for their survival in international long haul markets – as most are.
The region is characterised by relatively liberal access regimes and by partnerships of varying levels – in New Zealand especially, where Air New Zealand’s international network is dominated by JVs. Virgin Australia has built a ‘virtual alliance’ alongside HNA, Singapore Airlines, Etihad and Delta, with very little of its own metal flying outside Australia. At Qantas Group, international performance has improved markedly following its Emirates partnership, as its operating focus has shifted from Europe toward Asia and North America, with local JVs, and close partnerships with American Airlines and China Eastern continuing to grow and mature.
For all airlines in the region, the China market will define much of the growth over the coming decade. (This report is taken from the Jul/Aug-2016 issue of CAPA's Airline Leader)
Airbnb becomes a mainstream corporate option as Qantas adds it to its FFP partners
On 4-Oct-2016, Qantas announced it had concluded a partnership with Airbnb, the world leader in the sharing economy's accommodation revolution. According to Qantas this represents "the first time Airbnb has worked with an airline in this way to reward Frequent Flyer members when booking accommodation through Qantas’ website – and is the next step in Qantas’ partnerships with innovative digital and technology businesses".
The partnership, along with deals with the major global TMCs and growing adoption among corporate travellers, has moved Airbnb from the realm of couch-surfing to an accepted corporate travel option, forcing travel managers to adapt or risk alienating their staff.