New CEO for Qantas Loyalty Business Unit.
The Qantas Group has appointed Andrew Glance as the new CEO for its Loyalty business unit.
Category: Finance
Emirates Group Announces Record Half Year Performance for 23-24
The Emirates Group announced its best-ever six-month financial result. The Group is reporting a 2023-24 half-year net profit of AED 10.1 billion (US$ 2.7 billion), surpassing its record half-year profit of AED 4.2 billion (US$ 1.2 billion) last year by 138%.
Strong Demand Drives Record Half Year Results for SIA Group
Robust demand for air travel continued into the Northern Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan, and Taiwan. This resulted in record half-year operating and net profits for the SIA Group
Virgin Australia returns to profitability in FY23
Virgin Australia returned to profitability for the first time in 11 years, reporting statutory NPAT of $129 million. Revenue more than doubled compared to the prior year to $5 billion as the company responded strongly to increased customer demand following COVID-19. Underlying EBIT was $439 million, representing a margin of 8.8%
Statement on Qantas Group Annual Report by Chairman
COMMENTS FROM QANTAS GROUP CHAIRMAN RICHARD GOYDER ON ANNUAL REPORT
QANTAS Group Posts First Full Year Profit Since COVID
The Qantas Group has posted its first full year statutory profit since FY19
Qantas Want Customers to Use COVID Credits, Launch Credit Tool
The Qantas Group is renewing calls for customers with COVID-era travel credits to use them towards booking a trip before the deadline of 31 December 2023.
Qantas Group Market Update – Strong Performance Drives Fleet Invesment and Shareholder Returns
Continued strong travel demand and completion of its three-year recovery program are expected to drive the Qantas Group to a FY23 Underlying Profit Before Tax of between $2,425 million and $2,475 million[1].
Record Applications for QANTAS Regional Grant Program
More than 1600 Australian community groups submitted applications for the national carrier’s Regional Grants program, almost 40 per cent more than when the program first launched.
QANTAS Supports Queensland Biofuel Refinery Turning Agricultural By-Products into Aviation Fuel
Agricultural by-products including sugarcane will be turned into jet fuel through investment from the Qantas Group, Airbus and the Queensland Government, at a Queensland biofuel production facility being developed by Jet Zero Australia in partnership with leading sustainable aviation fuel technology company LanzaJet.
