Qantas, Emirates seal 'extensive' alliance


[h=2]Qantas spares London routes[/h]Published: 27/02/2014 - Filed under: News »

Qantas fans flying the kangaroo route to London can rest easy for now.
The carrier today announced no major changes to its A380 European operation, despite mounting speculation that either one or both routes would be dropped in a bid to reduce losses.
Today's budget announcement in Sydney revealed that only one route will be axed, that linking Perth with Singapore.
While two other Singapore services, those operating out of Sydney and Brisbane, will be downgraded from B747s to smaller and more fuel-efficient A330s.
Faced with heavy losses (in the first half year, the airline was AU$252 million in the red), Qantas is being forced to make savings of AU$2 billion over the next three years.
The other changes include:

  • 5,000 job cuts (including 1,500 from senior management)
  • Early retirement of six B747s starting next year. This would leave Qantas with a fleet of nine B747s with updated interiors
  • Retire all B767s by 2015
  • Defer delivery of eight A380s. Make maximum use of existing 12 A380s
  • Defer delivery of three Jetstar B787 Dreamliners
  • Retime the Melbourne-Dubai-London flight so that the A380 spends less time on the ground at Heathrow
  • Suspend growth of Jetstar Asia in Singapore amid fierce competition from other budget carriers.
The problem that Qantas finds itself in is an overly high cost base (Qantas' staff costs are reckoned to be twice as high as those at Emirates and SIA) and ever greater competition in its home market.
CEO Alan Joyce said: "Qantas' competitors have increased capacity to Australia by 46 per cent since 2009, more than double the world average at a time of record fuel costs and economic volatility."
What will be surprising to regular travellers and the many readers is that Qantas has spared its two A380 London routes from Sydney and Melbourne.
All that will happen is that the Melbourne flight will be retimed from this November to achieve better utilisation. No schedule details are currently available.
So one wonders how long either, or both, London routes will be spared from cuts judging by passenger and reader feedback suggesting poor loads on the Dubai-London-Dubai sectors.
For more details of Qantas' London operation, see this news piece from last week.
qantas.com
Alex McWhirter
 
AZ209 ha detto:
Intanto ieri a LAX un 380 e un 744, entrambi di QF, sono stati messi temporaneamente fuori servizio perche' si sono urtati (con le ali) durante il tow.
http://www.bloomberg.com/news/2014-02-28/jumbo-planes-wings-brush-in-los-angeles-airport.html
Clicca per espandere...

QANTAS B747-400ER VH-OEI Damaged in Los Angeles Ground Incident.
February 27, 2014
QANTAS Boeing 747-438ER VH-OEI was parked at the maintenance base at Los Angeles this evening when its wingtip was struck by the wingtip of a company A380 that was being towed from the maintenance base to the terminal. As a result the aircraft had to be removed from service and QF16 Los Angeles – Brisbane was cancelled.


QANTAS A380 VH-OQI Damaged in Los Angeles Ground Incident.
February 27, 2014
QANTAS A380 VH-OQI was under tow from the maintenance facility to the terminal at Los Angeles this evening when its wingtip struck the wingtip of a company Boeing 747-400ER. As a result the aircraft had to be removed from service and QF94 Los Angeles – Melbourne was cancelled.
 
Qantas: Government will not offer debt guarantee, but will aim to repeal part three of Qantas Sale Act

Qantas is to be opened up to foreign investment after the federal government rejected a debt guarantee requested by management and instead resolved to repeal key sections of the Qantas Sale Act.
The potentially historic move came after a two-hour cabinet discussion and is likely to spark a bitter political battle with the ALP. Prime Minister Tony Abbott conceded the decision to attempt to repeal part three of the Qantas act could send maintenance jobs offshore.
''If some jobs have to go offshore in order to ensure that Qantas has a strong and viable long-term future, it may be regrettable, but nevertheless it is the best way to guarantee Australian jobs for the long term,'' he said.

Part 3 of the Qantas Sale Act:

- Limits foreign ownership of Qantas to 49 per cent
- Requires that Qantas’ head office remains in Australia
- Requires Australia to be ‘‘principal operational centre’’ for maintenance, catering, training, administration
- Requires that chairman and two-thirds of directors must be Australian citizens
- Prevents foreign airlines buying more than 35 per cent of Qantas
- Prevents any one foreign person owning more than 25 per cent of Qantas

Read more: http://www.smh.com.au/federal-polit...as-sale-act-20140303-340k4.html#ixzz2uxXTDJl4

Ritenete sia plausibile la scalata di un vettore mediorientale tra EK e QR?
 
Qantas cuts back London flights

Qantas has cancelled three return A380 flights next month between its new overseas hub in Dubai and London due to weak demand ahead of the peak travel season in the northern hemisphere.

The temporary reduction in services follows its decision to cancel three return superjumbo flights from Melbourne to London via Dubai in February and March, citing a slowdown in demand during the northern winter.

Fares for flights to Europe remain at historical lows in real terms due to stiff competition between airlines.

Qantas began flying via Dubai to Europe – instead of via Singapore – in March last year when it launched its extensive alliance with Middle Eastern airline Emirates.

As part of the latest changes, Qantas has cancelled the QF10 service from London's Heathrow Airport to Dubai on May 12, 19 and 28, as well as the QF1 flight from Dubai to the UK capital on May 13, 20 and 29.

http://m.smh.com.au/business/aviation/qantas-cuts-back-london-flights-20140408-36awx.html
 
Direttamente dalle news australiane : Qantas has revealed $2,84 billion loss for the full year, more than double what was expected
 
bourne ha detto:
Direttamente dalle news australiane : Qantas has revealed $2,84 billion loss for the full year, more than double what was expected
Clicca per espandere...
Qantas has revealed a loss of $2.83 billion over the 2013-2014 financial year, although the figure is blown out by a $2.6 billion write-down for the airline's international fleet plus other one-off costs associated with redundancies.Once those numbers are taken into account, Qantas' underlying loss is clawed back to a far less frightening – and certainly more manageable – $646 million. ausbt
 
AZ209 ha detto:
Qantas' underlying loss is clawed back to a far less frightening – and certainly more manageable – $646 million. ausbt
Clicca per espandere...
Rimane comunque l'apprezzabile cifra di 457 M€. Domani conosceremo i risultati della concorrente VA.
 
Qantas is making major changes to its corporate structure that will allow it to attract new foreign shareholders for its international business following a full fiscal year record loss of A$2.8 billion ($2.6 billion).
The new structure will see the creation of a holding company that will oversee separate domestic and international entities. A move of this type has been expected due to the government’s recent relaxation of foreign ownership restrictions that apply to Qantas.
The carrier said the changes will increase its potential to seek overseas investment in the international operation, although foreign ownership will still be limited to 49%. Joyce said there are no such deals currently under consideration, but it gives Qantas the flexibility to seek new international partners in the long term.
Because of the creation of the new structure, Qantas decided to reassess the value of the international fleet, a move that caused most of the net loss. The A$2.6 billion write-down is largely the result of historic aircraft purchases made when the Australian dollar was worth significantly less versus the US dollar.
The carrier’s pre-tax underlying loss of A$646 million for the 2014 fiscal year was not as high as analysts had been predicting. CEO Alan Joyce estimates that a restructuring program introduced in February will result in the carrier returning to an underlying profit for the fiscal half year through Dec. 31.
Qantas decided against fully or partially divesting parts of its business, and it confirmed it will not be increasing the 5,000 layoffs that have already been announced.
The carrier had previously outlined order deferrals and early retirements affecting about 50 aircraft, and it has now added to this list.
Qantas has deferred 21 current-generation Airbus A320 orders for four years and converted them to A320neos. This boosts the A320neo order total to 99 aircraft. Five more A320ceo orders have also been cut.
Additional aircraft will be sold in its fiscal year 2015, including two Boeing 737-800s, and two Bombardier Q300s. Leases will not be renewed on two Airbus A330-200s and they will exit the fleet in the first half of FY2016.
Further changes to the widebody fleet plan will see the first of the carrier’s 50 787-9options and purchase rights deferred from 2016 to 2017. Qantas has previously signaled that it plans to exercise these rights, but only when the international business returns to profitability.
 
E questi sono i risultati di VA. Per quanto siano negativi, sono comunque molto migliori di quelli di QF.
[h=3]Financial Summary[/h]
  • Underlying Loss[SUP]1[/SUP] before tax of $211.7 million in line with market expectations
  • Statutory Loss After Tax of $355.6 million
  • Group Yield[SUP]2[/SUP] increased by 1.2% in a difficult environment
  • Underlying CASK[SUP]3[/SUP] growth of 3.4%, incl. fuel and foreign exchange – strong benefits realised in second half FY14 with 2% CASK growth over the half, on lower capacity growth
  • Statutory loss after tax includes asset impairment of $56.9 million and restructuring costs[SUP]4[/SUP] of $117.3 million
  • Total cash position of $783.8 million, up from $580.5 million at 30 June 2013, unrestricted cash position of $541.0 million, up from $326.5 million at 30 June 2013, with Gross Debt reduced by approx. $200 million in second half FY14
http://www.virginaustralia.com/au/en/about-us/media/2014/VAH_FY14_MEDIA_RELEASE_COPY/
 
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