Standard & Poor’s stated trading conditions for Qantas’ international division will remain “tough”, warning that Qantas’ BBB credit rating is coming under pressure as a result (AAP/The Australian Financial Review, 24-Jun-2011). S&P has not changed its rating of Qantas’ debt or its “negative” outlook following the airline’s profit warning this week. Increasing competition in international markets, combined with high fuel prices, is increasing uncertainty about Qantas’ 2012 performance, which is expected to be weaker than the current financial year.
S&P warns of 'tough' international conditions for Qantas
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.