Qantas, Emirates seal 'extensive' alliance


Australia's Qantas Airways doubled its underlying annual profit as shrinking losses on its international arm offset tougher competition on its lucrative domestic routes.Qantas, which formed an alliance with Emirates this year in an effort to trim losses on international routes, has been trying to keep its domestic yields up as investment in the once-booming resources sector slows and the government forecasts limp economic growth into 2014.The slowdown has coincided with a ramping up in competition from rival Virgin Australia."Virgin has been trying to take market share in that domestic space, so Qantas has sort of retaliated and tried to hold their ground," said Nathan Zaia, an analyst at Morningstar in Sydney, adding capacity is currently well above demand.As well as cutting unprofitable international routes, Qantas has been shedding jobs, reducing capital spending and selling assets to cut debt. It announced it would sell its Qantas Defence Services unit, which provides logistics and support for the Australian government and military, to Northrop Grumman for AUD$80 million.Qantas said underlying profit before tax rose to AUD$192 million (USD$171.72 million) from AUD$95 million a year ago. Underlying operating losses on its international arm halved to AUD$246 million, while profits on domestic earnings fell 21 percent to AUD$365 million.The airline posted a full-year net profit of AUD$6 million from a net loss of AUD$244 million a year ago.Qantas said the operating environment remained tough and volatile, with aggressive competition in the Asia-Pacific region in particular."No group profit guidance is provided at this time due to the high degree of volatility and uncertainty in the competitive environment, global economic conditions, fuel prices and foreign exchange rates," the company said in a statement.Both Qantas and Virgin Australia had done well out of "fly-in fly-out" contracts from mining companies with large workforces in remote locations, and from scheduled services to regional destinations and smaller towns within Australia. That is slowing down in tandem with the mining sector, said Akshay Chopra, an analyst at Karara Capital in Melbourne."A lot of those customers have been very profitable because they've been paying big prices on tickets to fly to these regional and sub-regional areas. As some of those slow, that's clearly going to have an impact," Chopra said.Virgin Australia, which counts Singapore Airlines, Etihad, and Air New Zealand among its investors, issued a profit warning earlier this month, blaming a tough environment and higher coasts as it projected a full-year net loss in the range of AUD$95 million to AUD$110 million when it reports on Friday.In contrast, Air New Zealand reported a near tripling in its annual profit on Thursday, as it flew more passengers and increased earnings at its cargo unit as the domestic economy there perked up.


reuters
 
Back in the black per Qantas.

kenyaprince ha detto:
Both Qantas and Virgin Australia had done well out of "fly-in fly-out" contracts from mining companies with large workforces in remote locations, and from scheduled services to regional destinations and smaller towns within Australia. That is slowing down in tandem with the mining sector, said Akshay Chopra, an analyst at Karara Capital in Melbourne."A lot of those customers have been very profitable because they've been paying big prices on tickets to fly to these regional and sub-regional areas. As some of those slow, that's clearly going to have an impact," Chopra said.
Clicca per espandere...
Interessante questa parte, in effetti il settore mining, in rallentamento, qualche problema lo potra' creare ai conti QF.
 
AZ209 ha detto:
I primi effetti positivi per Qantas dovuti all'alleanza con Emirates non tardano ad arrivare.

"Qantas Airways Ltd. (QAN), Australia’s largest carrier, climbed the most in nearly seven years as profit doubled on a tie-up with Emirates and the cancellation of unprofitable routes to Frankfurt and London.The shares surged 14 percent on volumes almost four times the three-month average to close at A$1.40. That’s the biggest gain since Nov. 22, 2006. Pre-tax profit excluding one-time items jumped to A$192 million ($172 million) in the year ended June 30, from A$95 million a year earlier, the Sydney-based company said today, exceeding the A$76 million average of seven analyst estimates compiled by Bloomberg."

Qui' tutto l'articolo con ulteriori dati operativi ed analisi: http://www.bloomberg.com/news/2013-...ses-estimates-amid-challenge-from-virgin.html
Clicca per espandere...

In questi casi bisognerebbe davvero applaudire il management per la capacità di rompere col passato e delineare strategie sulla base dei numeri anziché dello stomaco. Molto coraggiosi ad allearsi con Emirates e rinunciare alle rotte storiche - meritano questi ottimi risultati.
 
[h=1]Qantas reports AUD192 million profit as the Emirates deal helps long-haul losses halve[/h]

Qantas!CEO!Alan_Joyce!5-200x.jpg
Qantas CEO, Alan Joyce

Two years into a five year transformation programme, Qantas sees the light at the end of the tunnel, reporting an underlying profit before tax of AUD192 million (USD172 million) for the financial year to 30-Jun-2013 against a backdrop of high fuel costs, excess domestic capacity and intense competition in its international markets.
The result, however, benefits from an AUD134 million (USD120 million) accounting estimate change relating to bringing forward accounting of passenger revenue. Without this adjustment the underlying result would have been AUD58 million (USD52 million).
But Qantas’ previously troubled international business is on the mend as the first benefits from the cornerstone alliance with Emirates begin to flow, costs are removed and loss making routes exited as well as aircraft reconfigured and alliances expanded, particularly in Asia.
CEO Alan Joyce stated: “Our financial position has been strengthened by the actions we have taken over past 12 months: reducing debt, extending our maturity profile and taking a prudent approach to capital expenditure". But Qantas has not provided profit guidance for the year ahead as the operating environment in the first half of FY2014 remains volatile.

[h=2]Qantas’ underlying profit reflects several major costs[/h]The underlying result reflects the cost of Qantas moving its hub for European flying from Singapore to Dubai, the introduction of the carbon tax, back pay to pilots and additional start-up losses in Jetstar’s Asian joint ventures.
The group’s financial position has strengthened with positive net free cash flow of AUD372 million (USD334 million) as at 30-Jun-2013 and liquidity of AUD3.4 billion (USD3.05 billion) and gross debt reduced by AUD1 billion (USD898 million).
But underlying fuel costs for the group are expected to be about AUD2.34 billion (USD2.1 billion) in 1HFY2014 at current rates, about AUD160 million (USD144 million) higher than 1HFY2013.
Group capacity is expected to increase between 1% and 2% during the first half of FY2014 while domestic capacity is expected to grow between 1.5% and 2% over the comparable periods.
Underlying income statement (AUD)
QF_Income_statement_summary.JPG

Source: Qantas
Segment underlying EBIT contribution (AUD)
QF13_Segment_EBIT.JPG

Source: Qantas
Underlying profit before tax (AUD)
QF13_waterfall.JPG

Source: Qantas
[h=2]Qantas international halves losses[/h]The Qantas International segment continues to make headway halving its underlying EBIT loss to AUD246 million (USD221 million) for the year. The long-haul business improved comparable unit costs by 5%, reflecting an AUD148 million (USD133 million) benefit for the strategic Qantas Transformation initiatives, and is now free cash flow positive.
The biggest gains were made in the first half of FY2013 when the carrier turned around an AUD262 million (USD235 million) loss a year earlier to an AUD91 million (USD82 million) loss by withdrawing from unprofitable routes, retiring aircraft, refitting nine 747-400s with A380 standard cabins and consolidating operations.
Mr Joyce is optimistic that Qantas will expand across a wide range of routes in 2016 as the fortunes of its ailing international operations continue to turn around and remain on track to reach breakeven by FY2015.
International operating summary (AUD)
QF13_International_sum.JPG

Source: Qantas
[h=2]Qantas' European bookings double under Emirates alliance compared to previous codeshare arrangements[/h]Qantas’ ground breaking alliance with Emirates took effect on 31-Mar-2013 and which Mr Joyce credits with having revitalised his carrier’s position on the Kangaroo route. Booking for European flights are running at about twice the level compared to Qantas’ previous codeshare arrangements.
However, much of the partnership will be bedded down over FY2014 and the full benefits of the alliance are expected to flow from FY2015.
[h=2]Qantas and Emirates extend their alliance across the Tasman in Aug-2013[/h]The two carriers also gained approvals from Australian and New Zealand authorities in May-2013 to extend their alliance across the Tasman for a period of five years. The trans-Tasman alliance commenced on 14-Aug-2013 and to all intents and purposes turns the market between Australiaand New Zealand into a duopoly between the Qantas-Emirates Group and Air New Zealand-Virgin Australia partnership.
Qantas and Emirates must maintain their pre-alliance aggregate capacity on the four key trans-Tasman routes – Sydney-Auckland, Melbourne-Auckland, Brisbane-Auckland and Sydney-Christchurch – where their existing networks overlap.
The Air New Zealand-Virgin Australia alliance has a 51% market share on the Tasman and the Qantas/Jetstar-Emirates alliance together hold 43.7% of the market. The balance is operated under fifth freedom rights by LAN Airlines and China Airlines.
See related report: Qantas-Emirates alliance: the last piece of the puzzle falls in place across the Tasman
[h=2]Growing the Asian business remains the priority[/h]Growing its Asian business remains the major priority for the Qantas Group now that the cornerstone alliance with Emirates has been largely bedded down.
Shifting the hub for European flights from Singapore to Dubai freed up significant capacity between Australia and Singapore which was previously reserved for passengers flying in to Europe.
Extensive schedule changes put in place have allowed Qantas to grow capacity by 40% to Singapore and 10% to Hong Kong. The new schedule timings have allowed for better onward connections on intra-Asia routes on partner carriers via Singapore, Bangkok and Hong Kong.
Qantas still faces an uphill battle, however, to establish an Asian presence that can match that of the Virgin Australia-Singapore Airlines alliance.
Singapore Airlines has further increased its dominance of the Australia-Singapore market in the past six months by another 3ppts to 53% while Qantas has slipped to 17% from 22%.
Australia to Singapore (seats per week, one way): 19-Sep-2011 to 16-Feb-2014
QF13_Aus_Sing_capacity.png

Source: CAPA - Centre for Aviation & Innovata
Qantas will seek to expand its presence in Asia through both its own 'red tail' operations in conjunction with alliance partnerships and increased frequencies and on existing routes as well as adding more destinations.
As part of its broader strategy to strengthen its Asian presence, Qantas significantly expanded its codeshare agreement with China Eastern Airlinesin Apr-2013, giving Qantas access to a combined 17 direct services between Australia and mainland China each week with onward connections via Shanghai to 11 domestic destinations.
Qantas codeshares on China Eastern’s daily Melbourne-Shanghai as well as Sydney-Nanjing-Beijing services, which operate three times weekly and China Eastern’s domestic Shanghai-Nanjing services.
Qantas also has codeshare services on China Eastern services between Singapore and Shanghai, which connect to Qantas services operating from Sydney, Melbourne, Brisbane and Perth.
But Mr Joyce stated that it is not possible to replicate the Emirates-style alliance in Northern Asia with a single partner. Instead each market must be addressed individually.
Qantas will, however, need to find partners other than its LCC Jetstar affiliates to build its Southeast Asian network. This is its key strategic goal as the Asian market refocus continues.
See related report: Qantas and Virgin Australia build substantial virtual global networks
[h=2]Jetstar profit falls 32% in competitive market and Asian start-up losses[/h]LCC subsidiary Jetstar reported an underlying EBIT of AUD138 million (USD124 million), down 32%, reflecting the competitive domestic market and additional start-up losses in Jetstar Japan and Jetstar Hong Kong.
Jetstar Group operating summary (AUD)
QF13_JQ_summary.JPG

Source: Qantas
Jetstar’s Asia-Pacific network spans 16 countries and territories and in FY2013 reached the milestones of carrying 100 million passengers and took delivery of its 100th aircraft.
Qantas is also working to improve the connectivity of mainline brand with the Jetstar’s Asian networks from Singapore as well as Japan and Hong Kong as it becomes established.
Jetstar Japan, a joint venture with Japan Airlines, Mitsubishi and Century Tokyo Leasing Corporation, has followed up its strong start in the first half of FY2013, and by Aug-2013 had carried 2 million passengers.
Mr Joyce said Jetstar Japan has “huge growth potential, with low-cost carriers accounting for just 5 per cent of a market that is six times the size of Australia”.
Jetstar Hong Kong which is a partnership with China Eastern and Shun Tak Holdings, which became a shareholder in Jun-2013, continues to work its way through the complex regulatory approval process. The operation was formally gazetted by Hong Kong’s Air Transport Licensing Authority in Aug-2013 and the carrier continues to plan for launch by the end of 2013.
The joint venture is being strongly resisted by Cathay Pacific which is not keen on allow Qantas, a fellow oneworld member, competing on its home turf.
The Japanese ventures are expected to take three years to break even.
[h=2]Qantas and Jetstar maintain their 65% line in the sand domestic market share[/h]Qantas domestic operation’s reported an underlying EBIT of AUD365 million (USD328 million), down 21% as yields continued to be under pressure as a result of a capacity battle with Virgin Australia, which led to about 8% capacity growth year-on-year, outstripped demand and an oversupply of seats.
Domestic operating summary (AUD)
QF13_Domestic_sum.JPG

Source: Qantas
Australia domestic market capacity growth (ASK)
QF13_Dom_cap_growth.JPG

Source: Qantas
Mr Joyce is confident that despite the intense competition and excess capacity in the market Qantas is winning in the domestic market on all fronts. The group has maintained its 65% profit maximising market share and Qantas claims to have an 84% market share of the corporate travel market and has won key new accounts including Fortescue Metals and the Roy Hill charter contract.
Capacity increases have eased on major routes in the second half of FY2013 but was still growing faster than demand, particularly in the regional markets and in the LCC segment.
[h=2]Tigerair Australia on the prowl for Jetstar[/h]The next front in the on-going domestic battle could see Jetstar having to defend its position against a newly rebranded and mollified Tigerair Australia, which under 60% ownership control of Virgin Australia continues its recovery from being grounded on safety grounds for about two months in Jul-2011.
The Tigerair Australia-Virgin Australia pairing will effectively seek to duplicate the Qantas-Jetstar dual brand strategy by allowing Virgin Australia to focus on its new full service offering while Tigerair Australia provides the group with the means to re-enter the LCC space vacated by Virgin Australia.
With a commitment to increase Tigerair Australia’s fleet from the current 11 A320s to 23 by 31-Mar-2018, and the potential to grow to 35 aircraft, Tigerair Australia is likely to reignite an LCC capacity battle.
Meanwhile Qantas’ regional domestic dominance will also be challenged by Virgin Australia which has expanded its reach in Western Australia and the lucrative FIFO market through the acquisition of Skywest.
See related reports:

[h=2]Qantas Loyalty records fourth successive year of double-digit growth[/h]Qantas Loyalty continues to serve as the group's cash cow, recording another record underlying profit of AUD260 million (USD233 million), up 13%, the unit’s fourth consecutive year of double-digit growth and underlining its value as a stable source of revenue.
Membership of Qantas Frequent Flyer topped nine million in Jan-2013 and is targeting 10 million members during FY2014.
The alliance with Emirates drove a 50% increase in redemptions on partner airlines in 4QFY2013 and the programme has launched its next generation Qantas Cash loyalty card which allows members to withdraw cash and make purchases.
Qantas Loyalty underlying EBIT (AUD millions)
QF13_Loyalty.JPG

Source: Qantas
[h=2]Reduced international capacity and the sale of StarTrack weighs on Qantas Freight[/h]Qantas Freight reported an underlying EBIT of AUD36 million (USD32 million) down 20% on FY2012 due to a decrease in international capacity and the sale of the group’s stake in StarTrack.
Qantas also announced on 29-Aug-2013 the sale of Qantas Defence Services to Northrop Grumman for an AUD80 million (USD72 million). This follows the earlier sale of Cairns and Sydney Riverside catering centres to Gate Gourmet.
[h=2]Qantas average fleet age falls to below eight years[/h]Qantas' average fleet age has dropped to less than eight years, its lowest level in 20 years following a fleet renewal programme over the past five years that saw the group take delivery of 126 new aircraft for Qantas and Jetstar.
Qantas has previously announced a programme to refit its entire A330 fleet from late 2014 with lie-flat business class seats and a refreshed economy cabin to cement its position on the Asian and domestic networks. Asia will be serviced with 10 A330-300s and 20 A330-200s will operate between Perth and the Australian east coast.
An additional five 737-800s will also be added to the domestic network in 2014.
Qantas Group Fleet Summary: as at 29-Aug-2013
QF13_fleet.JPG

Source: CAPA - Centre for Aviation & Innovata
Qantas Group projected delivery dates of all aircraft families on order as at 26-Aug-2013
QF13_orders.png

Source: CAPA Fleet Database Aircraft operated by subsidiaries/associates of the main carrier may be listed separately
[h=2]Qantas’ transformation is well advanced, but competitive pressures are unlikely to ease[/h]FY2013 was a dramatic year, where the entire international strategy was revamped around the Emirates alliance and a combination of stiffening competition from Virgin Australia and a softening economy damaged yields. However, having pretty much bedded down its Emirates partnersip, Qantas continues to make solid progress in its five year transformational programme as its international business remains on course to break even in FY2015. This should put the carrier in a position to prepare for widespread route expansion from 2016 when it has the ability - with substantial flexibility in its acceptance dates - to firm up options for 50 787 on order.
But the immediate priority is to grow the Asian business now that the cornerstone alliance with Emirates has been largely bedded down. This will take time, because, as Mr Joyce stresses, this will not be resolved by a pan-Asian partnership, but will require more local alliances in separate markets. This implies commitment of considerable resources to the activity - made easier as the Emirates partnership appears to be bedding down well - and, in a perverse way, the ability to tailor solutions in a flexible way. Here the evolution of Jetstar in Asian markets will surely be an integral part of that future; having a Jetstar presence in many of the leading country markets will certainly offer another dimension of options.
Domestically there is work to be done still. The capacity reprieve at home may be short lived as Virgin Australia and Tigerair Australia finalise their dual brand strategy and target Jetstar’s dominance in the leisure market. As the market weakens, yields will continue to suffer. Understandably, there is reluctance to commit to a firm outlook in this unstable market environment.
 
Qantas ha lanciato una petizione per impedire che il mercato nazionale sia in mano a compagnie straniere.

Fair go 4 Qantas
Virgin has raised over $300 million in capital from Etihad, Singapore and Air New Zealand. This will result in Virgin being over 80% foreign owned. We can’t let them wreck this industry by running up huge losses to try and put Qantas out of business.
As Qantas staff and supporters of Qantas, we are proud of our airline and we know that in any fair fight we will come out on top. However the unfair playing field in Australian aviation is a risk to the future of Qantas and all our jobs.

It means Virgin, which will be 80% foreign owned, can use its unlimited funds to weaken Qantas in the domestic market and cripple our international business. It means foreign airlines having control of an airline which accesses Australia's valuable air treaty rights. We must not let three foreign government backed airlines take control of Virgin and ruin the Australian aviation industry for which we have fought so hard. Make your voice heard and sign the petition below to the Federal Government.

http://fairgo4qantas.nationbuilder.com/
 
mariol ha detto:
Qantas ha lanciato una petizione per impedire che il mercato nazionale sia in mano a compagnie straniere.

Fair go 4 Qantas
Virgin has raised over $300 million in capital from Etihad, Singapore and Air New Zealand. This will result in Virgin being over 80% foreign owned. We can’t let them wreck this industry by running up huge losses to try and put Qantas out of business.
As Qantas staff and supporters of Qantas, we are proud of our airline and we know that in any fair fight we will come out on top. However the unfair playing field in Australian aviation is a risk to the future of Qantas and all our jobs.

It means Virgin, which will be 80% foreign owned, can use its unlimited funds to weaken Qantas in the domestic market and cripple our international business. It means foreign airlines having control of an airline which accesses Australia's valuable air treaty rights. We must not let three foreign government backed airlines take control of Virgin and ruin the Australian aviation industry for which we have fought so hard. Make your voice heard and sign the petition below to the Federal Government.

http://fairgo4qantas.nationbuilder.com/
Clicca per espandere...

Ragionamento da kindergarten.
E' come se Virgin Australia lanciasse una petizione contro il fatto che se compri un volo dalle citta' australiane (eccetto SYD/MEL) per l'Europa con la "100% australian" Qantas in realta' voli tutte le tratte con quei cattivi di Emirates.
 
Qantas set to sack up to 3,000 staff, sell planes, terminals

Qantas is set to sack up to 3,000 staff, sell planes and terminals and cut routes as the Australian national carrier prepares to announce this week record half-year loss of more than $300m, it was reported.

According to a report in Australian newspaper The Weekend West, the airline’s boss Alan Joyce is expected to reveal the cuts on Thursday.
The newspaper said it believed Qantas will cut 10 percent of its 32,000-strong workforce - more than three times the 1000 job losses flagged in December when the airline warned of an underlying half-year loss of $250-$300m amid the “toughest market conditions it had ever faced”.
Conditions have deteriorated significantly since, with Joyce this month pushing for Federal Government assistance.

Virgin Australia has accused Qantas, which last year signed a groundbreaking alliance with Dubai’s Emirates airline, of trying to get a "free ride" and warned the government against coming to the airline’s aid.

The newspaper said it understood the staff cuts will be across-the-board and will focus on management and backroom staff. Qantas is expected to reveal it will sell, then rent back its terminals in Melbourne and Brisbane.
It said sources in Dubai and Britain said Qantas would cut services to London and lease four of its flagship 490-seat super jumbos and their pilots to Turkish Airlines, claims that were denied by Qantas.
Turkish Airlines did not deny the report but said its board was yet to make a decision, while Qantas refused to deny 3000 jobs would go, saying tough decisions were ahead.

"Qantas has flagged the need to make tough decisions as part of strengthening our business, which we will outline next Thursday," a spokesman was quoted as saying.
The airline's staff costs, which are double those of Emirates and Singapore Airlines and 16 percent higher than Virgin Australia, are a major factor in Qantas losing international market share to low-cost carriers, The Weekend West reported.

Qantas carries just 17 percent of international traffic into and out of Australia, down from more than 40 percent in the early 1990s.

This month billionaire Virgin Group founder Richard Branson weighed into the bitter dispute between Virgin Australia and Qantas, saying “if Qantas is allowed to have [alliances] then I think Virgin Australia has a right to try to get alliances too”.
“Alan Joyce is in deep s--- because he drew a line in the sand; he said that Virgin were not going to have 35 percent of the market and he's lost hundreds of millions in order to try and hold that line,” he said at the UAE Government Summit in Dubai.
“Now he’s appealing to the government to give him money and holding his hat out like a begging bowl to the government.
"These airlines are just investors in the country. He's raised hundreds of millions from his shareholders over the last few years.”
Branson also slammed the Emirates-Qantas alliance as being uncompetitive, saying “good government would never have allowed that to happen”

http://www.arabianbusiness.com/qantas-set-sack-up-3-000-staff-sell-planes-terminals-539836.html
 
alla fine anche EK dovra' entrare in una alleanza e l'unica appetibile e' OW.
sinceramente, al momento, risulta esseree difficile operare una rotta con il salto quando chi sta in mezzo ha condizioni nettamente migliori.
Immaginate solo i costi per QF e BA di mantenere una base operativa a SIN con equipaggi di ricambio etc etc. EK, invece, puo operare la tratta basando tutto a casa propria e con costi da emirati ...
 
Qantas refuses to confirm reports it will axe 5000 jobs, sell Melbourne Airport terminal

Qantas has refused to confirm reports that the airline is preparing to axe 5000 jobs and sell its terminal at Melbourne Airport to show the federal government it is willing to make tough changes to its business practices in exchange for federal funding.

In a statement released on Tuesday morning, Qantas said there was "fresh speculation about what things we will or won't announce on Thursday as part of our half-year results".

"We are not in a position to comment on that speculation," the statement said.

The response acknowledged that the company would be "making some tough decisions" to achieve $2 billion in cost savings over the next three years, which is a consequence of an unprecedented set of market conditions now facing Qantas".

But the airline also pledged to "take steps to reduce our costs, regardless of whether the Federal Government acts on the uneven playing field in the Australian aviation market".

On Saturday, Fairfax Media reported that Qantas' workforce feared job losses of up to 3000 to be revealed by the airline's management on Thursday. There is growing speculation the target number has increased to 5000.
The looming job losses come amid a high-stakes lobbying campaign by Qantas chief executive Alan Joyce, who has been pushing for financial help from the Abbott government.

Fairfax Media reported last week that the Abbott government was preparing to throw Qantas a lifeline in the form of a debt guarantee similar to the assistance provided to banks during the global financial crisis.

In December, the airline warned it would slump to a half-year loss of up to $300 million, and that it would detail the extent of job cuts, which it said at the time would be at least 1000 this year.

In a statement put out last Friday, Qantas noted that a "series of unsubstantiated and unsourced rumours [are] swirling around ahead of our half-year results, ranging from estimates on job losses to route changes".

Mr Joyce has been lobbying Coalition MPs for help, but Qantas rivals Virgin Australia and Regional Express have demanded the government also help them.

In Tasmania, Mr Abbott said he wanted the Australian airline to succeed.

"But like every other private business Qantas has got to put its house in order," he said.

"It's important that it does so. There are plenty of signs that Qantas is serious about putting its house in order and I'd encourage them to get on with that particular job."

The airline has also denied rumours that it will reduce A380 services to London.

http://www.smh.com.au/business/avia...elbourne-airport-terminal-20140225-33dnk.html
 
Prime anticipazioni da down under, mentre ci sono forumisti a Melbourne che dormono ;)

More than 50 aircraft will be deferred or sold
Qantas has suspended growth at Jetstar Asia in Singapore amid intense competition from other budget airlines in the region.
Qantas will retime A380 flights between Melbourne and London in November to reduce the amount of the time the planes stay on the ground at London’s Heathrow Airport. No mention of ditching the route though, as had been speculated.
The retiming will free up A380s, which Qantas will consider flying on other routes.
Qantas will retire six Boeing 747 jumbos in the second half of 2015-16, earlier than scheduled.
All of its Boeing 767s will be retired by the first quarter of 2014-15.


Read more: http://www.smh.com.au/business/avia...s-5000-jobs-20140227-33j48.html#ixzz2uTOprcwI
 
Dear mariol,

Today Qantas announced a range of measures to take $2 billion in costs out of the business over three years, including through deferring and selling aircraft, and significant job reductions.

I have received many questions both directly and through social media and wanted to reach out to you personally as a valued member.
These are tough but necessary measures to ensure a strong future for Qantas and our nearly 10 million Qantas Frequent Flyer members.

Let me assure you, however, that these measures will not impact your Qantas Points balance or cause your Qantas Points to expire.
This year, Qantas has many plans to keep on rewarding Qantas Frequent Flyer members. Here are just a few I wanted to share with you:
• We will continue to introduce more everyday ways to earn and redeem Qantas Points.
• On 31 March 2014, we will launch our new business loyalty program, Aquire. Australian-based small and medium businesses could earn Aquire Points through their everyday transactions, including travel, and convert them into Qantas Points in the name of an individual Qantas Frequent Flyer member.
• We will continue to introduce new features and benefits to Qantas Cash, with more than 200,000 members using the prepaid facility already.
• We are opening new stylish Lounges. The Qantas Hong Kong Lounge will open in March 2014. The new Los Angeles Business Lounge will open in April 2014, with a new world class Qantas First Lounge to open in Los Angeles in the second half of 2014.
• The upgrade of our Airbus A330 fleet is progressing well, with the aircraft featuring new Business fully flat beds and the latest Panasonic entertainment system to feature on our domestic and international network from late 2014.
• We will be introducing new member communities, in addition to our food and wine community Qantas epiQure, which will provide opportunities for members to be engaged with the things we know you are passionate about.

Qantas is changing, but what will never change is our commitment to rewarding you for your loyalty, whether on the ground, or in the air.

Yours sincerely,
Lesley Grant
CEO Qantas Loyalty
 
[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

 
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