Tag: Qantas (Page 1 of 5)

Qantas says bonjour with direct flights from Perth, Australia to Paris, France

October 30, 2023 / WIL BALDWIN

Qantas Airways Ltd (Sydney: QAN) is adding another direct service between Australia and Europe with the launch of a new route between Perth and Paris, just in time for the 2024 Olympic and Paralympic Games and European summer.

Following the success of the national carrier’s unique direct flights from Perth to London and Rome, the new year-round route will see Qantas operate to the French capital for the first time in nearly two decades, cutting around three hours off the current fastest travel time from Perth to Paris.

From 12 July 2024, the 17-hour Perth-Paris flights will initially operate four days per week during the peak European summer with the airline’s Boeing 787 Dreamliner aircraft. Services will move to three per week from mid-August 2024.

Qantas Group provides market update

September 24, 2023 / WIL BALDWIN

September 25, 2023, Qantas Airways Ltd ADR (OTC-QABSY) – The Qantas Group provides the following update to inform the market of a material increase to investment in customer improvements, continued strength in travel demand and the impact of elevated fuel prices.

CUSTOMER IMPROVEMENTS

The Group will invest a further $80 million in customer improvements across FY24 in addition to the $150 million previously budgeted, which will be funded from profits.

This additional investment is aimed at addressing a number of customer ‘pain points’ through improvements such as better contact centre resourcing and training, an increase in the number seats that can be redeemed with Frequent Flyer points, more generous recovery support when operational issues arise, a review of longstanding policies for fairness and improvements to the quality of inflight catering.

Qantas is also working to accelerate some initiatives already underway, such as the re-platforming of the Qantas app. More detail on these actions will be shared in coming weeks.

DEMAND LEVELS

Overall travel demand remains strong, with trading conditions in the first quarter of FY24 similar to the last quarter of FY23.

Qantas and Jetstar expect to carry more than 4 million passengers over the September/October school holidays and football finals period on almost 35,000 domestic and international services. This compares with around 3.7 million passengers on approximately 28,000 services over the same four week period last year.

Latest survey data shows that travel remains a top spending priority among Qantas Frequent Flyers over the next six months, well ahead of entertainment, renovations and homewares[1]. The Group greatly appreciates the continued support from customers choosing Qantas and Jetstar.

FUEL, FX AND FARES

Fuel prices have increased by around 30 per cent since May 2023, including a 10 per cent spike since August. This is driven by a combination of higher oil prices, higher refiner margins and a lower Australian dollar.

If sustained, this is expected to see the Group’s 1H24 fuel bill increase by approximately $200 million to $2.8 billion after hedging[2]. A further $50 million impact is expected due to non-fuel related foreign exchange changes.

The Group will continue to absorb these higher costs, but will monitor fuel prices in the weeks ahead and, if current levels are sustained, will look to adjust its settings. Any changes would look to balance the recovery of higher costs with the importance of affordable travel in an environment where fares are already elevated.

CAPACITY AND NETWORK UPDATE

New aircraft deliveries and wet-leasing arrangements will help Qantas and Jetstar boost international capacity by 12 percentage points by the end of the calendar year – an increase of almost 50 additional flights a week.

This includes Qantas resuming its Sydney-Shanghai services and starting two new routes, Brisbane-Wellington and Brisbane-Honiara, as well as a new Jetstar service from Brisbane to Tokyo.

Both international and domestic capacity for 1H24 is materially unchanged from estimates given in late August 2023.

FINANCIAL FRAMEWORK

The Group remains in a very strong financial position, including its debt levels and continued strong revenue intakes.

The on-market share buyback of up to $500 million announced on 24 August 2023 is now 10 per cent completed. Shareholder approval will be sought at Qantas’ upcoming AGM to increase the headroom for further share buybacks that the Board may choose to do in future in line with the Financial Framework.

[1] QFF sentiment tracker,n=2,019.Data collected between 1 August 2023 and 31 August 2023. Sample of QFF members from Red Planet panel. Based on respondents’ intended changes to upcoming spending across different categories.

[2] Assumes 1H24 underlying into-plane market reference price of approximately A$191 per barrel.

Australia’s Qantas to secure new airplanes from both Airbus and Boeing

August 23, 2023 / WIL BALDWIN

(Reuters) – Australia’s Qantas Airways (OTC: QABSY) on Thursday announced an order for 24 widebody aircraft, the final piece of the company’s jet fleet renewal program, and said the move is aimed at replacing its current Airbus A330 and Airbus A380 aircraft.

The multi-billion dollar order is split between 12 Airbus (OTC: EADSY) A350’s and 12 Boeing (NYSE: BA) 787’s, which will arrive from fiscal 2027 and into the next decade, Qantas said.

As a part of the deals, …

Click the link below to read the full story!

https://finance.yahoo.com/news/qantas-secures-planes-airbus-boeing-231238987.html

Cabin crew union says QANTAS misled us over FinnAir deal

August 7, 2023 / WIL BALDWIN

Australia’s biggest cabin crew union has accused Qantas (OTC: QUBSF) of a “breathtaking” lack of transparency over the deal that will see Finnair (OTC: FNNNF) crew operate the Flying Kangaroo’s flights.

The Flight Attendants Association of Australia has said the airline suggested the agreement would save the jobs of Finnair staff but was later informed the employees would be sourced from “labour-hire” firms.

Click the link below to read the full story!

https://australianaviation.com.au/2023/08/qantas-misled-us-over-finnair-deal-says-cabin-crew-union/

First Qantas Group A220 on assembly line as Australians invited to help name new fleet

July 15, 2023 / WIL BALDWIN

The Qantas Group’s (OTC: QABSY) first Airbus A220 aircraft has started construction, marking a key milestone for the Group as its fleet renewal program ramps up.

The aircraft’s major airframe components, including the centre and rear fuselage, are coming together at Airbus’ production facility in Mirabel, Canada, with the first of 29 aircraft expected to arrive in Australia before the end of the year. As the first A220 to be operated in Australia, the aircraft will undergo regulatory approvals, airport readiness and training activities before it joins the QantasLink fleet in early 2024. QantasLink has also commenced training its pilots to operate the new aircraft.

The next generation A220s will gradually replace QantasLink’s Boeing 717 fleet which operate routes across Australia.

The first QantasLink A220 will operate flights between Melbourne and Canberra, with subsequent aircraft to be deployed to other parts of the regional and domestic network. With double the range of the 717, the A220 is also expected to open up new domestic and short-haul international routes as more aircraft enter the fleet.

With production now in full swing, the Qantas Group is calling on Australians to help name its fleet of new A220s, based around the theme ‘native wildlife’.

From today, Australians can nominate up to six names via a dedicated page on qantas.com. A shortlist will then be released so the public can vote for their favourites before the final names are revealed.

Qantas ran a similar competition to name its Boeing 787 Dreamliner fleet with iconic Australian names in 2017, with more than 10,000 submissions received.

QantasLink CEO John Gissing said the production milestone marked an important step in the renewal of the airline’s fleet.

American Airlines announces commercial redevelopment of Terminal 8 at John F. Kennedy International Airport

July 12, 2023 / WIL BALDWIN

FORT WORTH, Texas – American Airlines (NASDAQ: AAL), in partnership with the Port Authority of New York and New Jersey and Unibail-Rodamco-Westfield (URW) Airports, today announced a $125 million commercial redevelopment program for Terminal 8 at John F. Kennedy International Airport (JFK). The project will feature a new Great Hall and is expected to bring more than 60 new shopping and restaurant offerings to the terminal. With an emphasis on locally owned and diverse businesses that will create economic opportunities for the community, the new program will showcase New York’s world-renowned culinary scene and establish a unique sense of place for travelers.

Following the recent completion of a $400 million expansion of Terminal 8, the commercial redevelopment will further enhance the customer experience at the terminal with a complete redesign and expansion of the concessions program, including dining, retail, duty-free shopping, performance space and new digitally enabled experiences for American’s customers.

Terminal 8 has also become a world-renowned gateway for American’s oneworld partners. Within the past year, British Airways, Iberia and Japan Airlines relocated operations and Qantas returned service to Terminal 8.

American selected JFK T8 Innovation Partners, a joint venture led by URW, to lead the redevelopment. URW is an owner, developer and operator of sustainable, high-quality real estate assets across Europe and the U.S. Also joining the T8 Partners team, with a 30 percent equity stake, is Phoenix Infrastructure Group, a minority-owned, Minority Business Enterprise (MBE)-certified investment firm focused on critical infrastructure projects; and Holt Construction, one of New York’s premier construction management firms with experience in more than 100 aviation projects at airports across the country, including the expansion of Terminal 8, where Holt exceeded its 30 percent Minority and Women-Owned Business Enterprise (MWBE) participation goal.

Australia Back on Tourist Map as International Visitors Return

February 21, 2022 / WIL BALDWIN

Qantas flights from eight overseas destinations are touching down in Australia today, bringing the first international tourists in almost two years and an eagerly anticipated boost for the country’s tourism industry.

The Qantas Group will fly more than 14,000 passengers into Australia this week as quarantine and border barriers for international tourists come down.

QF12 from Los Angeles was the first to land at 6.20am and flights from other international destinations including Vancouver, Singapore and London will arrive into Sydney throughout the day. Jetstar’s first unrestricted international flight JQ18 will touch down in Melbourne from Phuket at 10.05am and QF70 from Delhi to Melbourne will arrive at 1.35pm.

Qantas Group CEO Alan Joyce said bookings had been strong since the Australian Government announced the country was opening to international visitors, and today’s arrivals will be the first of many.

Qantas restarted its international network for Australian citizens and visa holders on 1 November 2021, with a number of routes coming online since then. Sydney to Dallas recommenced flying on 16 February, and flights to other destinations are scheduled to relaunch in coming weeks including:

Melbourne to Honolulu (Jetstar) – From 1 March
Sydney to Honolulu (Jetstar) – From 3 March
Melbourne to Denpasar (Jetstar) – From 14 March
Sydney to Denpasar (Jetstar) – From 15 March
Brisbane to Singapore – From 27 March
Sydney to Manila – From 27 March
Sydney to Denpasar – From 28 March
Darwin to Dili – From 30 March
Brisbane to Los Angeles – From 1 April

QANTAS and Jetstar Airlines Adjust Third Quarter Flight Capacity Settings

January 16, 2022 / WIL BALDWIN

Qantas and Jetstar are adjusting flying levels to better match travel demand in light of the sudden growth in COVID-19 cases. The Qantas Group now expects domestic capacity for the third quarter of FY22 to be at around 70 per cent of pre-COVID levels, down from the 102 per cent that had been planned. The schedule changes are focused on reducing frequency of services and size of aircraft to minimise inconvenience for passengers as much as possible.

The Group’s total international capacity for the same period will fall from 30 per cent to around 20 per cent of pre-COVID levels. This reduction is driven by increased travel restrictions in countries like Japan, Thailand and Indonesia and is mostly impacting Jetstar’s leisure routes. Other markets – such as London, Los Angeles, Vancouver, Johannesburg and India – continue to perform well.

Customers will be contacted directly from late January if their booking is impacted by cancellations and offered alternative flights that in most cases are likely to be a difference of a few hours if travelling domestically.

Qantas and Jetstar continue to have 100 per cent of their available Australian-based crew stood up, which has helped to minimise the resourcing impacts of some needing to self-isolate during the summer peak. This 100 per cent crewing level will be maintained despite the capacity reductions announced today, giving both airlines a significant buffer to manage ongoing isolation requirements and resulting in a more reliable schedule for passengers.

An assessment on the financial impact of these changes will be given at the Group’s half year results in late February, by which time a clearer picture will have emerged on swing factors such as actual demand levels; potential loosening or tightening of travel restrictions in countries overseas; and consumer response to the reopening of Western Australia next month. No material adjustments have been made to capacity expectations for Q4 FY22.

To give customers more confidence when they book international and domestic flights, Qantas has extended Fly Flex, which enables customers to change their travel dates as often as they need, fee-free (a fare difference may apply).

QANTAS Says Buongiorno with Direct Flights Between Australia and Italy

December 14, 2021 / WIL BALDWIN

Qantas will reignite its love affair with Rome, adding direct flights from Australia to the eternal city from the middle of next year. From 22 June 2022, Qantas will operate the only direct service between Australia and continental Europe, flying three return Sydney-Perth-Rome flights per week to meet demand over the European holiday peak season.

The new flight will cut more than three hours off the current fastest travel time to Rome using the Boeing 787 Dreamliner, with cabins designed specifically for long haul travel.

Customers will be able to combine Qantas’ Rome flights with its double-daily direct flights between Australia and London, meaning they will be able to fly in and out of different cities on one return ticket through to October 2022.

The Rome service will also give customers another option for reaching onward destinations across the Mediterranean and southern Europe through Qantas’ network of partners.

Qantas Group CEO Alan Joyce said strong travel demand since borders re-opened had given the Flying Kangaroo confidence to explore new destinations as travelers look to make up for lost time.

The new route is expected to entice more visitors to Western Australia and Qantas will partner with Tourism Western Australia to boost inbound tourism from Europe into Perth and regional WA, as well as promote Perth as an ideal stopover for Australians travelling to Europe from the east coast.

Qantas recently started new flights from Sydney and Melbourne to Delhi and re-started a number of existing routes from Sydney and Melbourne to destinations including Los Angeles, London and Singapore.

Fares for the new Sydney-Perth-Rome flights go on sale today starting from $1785 return. Qantas will operate two Points Planes (bookable until 21 December 2021) for Frequent Flyers with every seat in every cabin available to book as a reward seat on the inaugural flight to Rome on 22 June and on the first flight departing Rome on 23 June.

The seasonal route will operate from 22 June until 6 October. Qantas will offer connections to 16 destinations in Europe including Athens, Barcelona, Frankfurt, Nice, Madrid and Paris and 15 destinations within Italy including Milan and Venice.

First Qantas A380 to Land Back in Australia Today

November 9, 2021 / WIL BALDWIN

A familiar and hard-to-miss sight will return to Australian skies today with one of the Qantas (OTC: QABSY) iconic A380 aircraft set off to land back in Sydney, 593 days after it departed Australian shores.

Hudson Fysh, named after one of Qantas’ founders, is expected to touch down at Sydney Airport around 3.00pm more than 19 hours after it departed Dresden, Germany. The aircraft recently underwent scheduled maintenance for a new landing gear, after spending the best part of two years in storage during the COVID-19 pandemic.

Its early return comes as the airline gears up for the first two of the superjumbos to return to service in April 2022, following strong demand for international travel, particularly on key routes to Los Angeles and London.

Qantas has taken close to half a million domestic bookings in the past two weeks, compared with around 20,000 in a two-week period in August.

Jetstar’s recent international sale saw 75,000 seats sold in 72 hours.

Demand for seats on Qantas’ London to Sydney service has been extremely strong, with Aussies reuniting with family and friends in time for Christmas and more flights added as a result.

Originally expected to remain in long term storage in the Californian desert until the end of 2023, Qantas has since announced that five A380s with upgraded cabins would return ahead of schedule with two to operate flights to Los Angeles from April 2022 and three to operate flights to London from November 2022.

The airline is now working to further accelerate the return of the A380s, with superjumbo flights to London brought forward to July 2022. In addition, a sixth aircraft will arrive before the end of calendar year 2022, with the remaining four A380s expected to return to service by early 2024.

Hudson Fysh will undergo additional maintenance checks in Australia before taking to the skies again in coming weeks as part of crew training.

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