Qantas Airways Ltd

Qantas Airways Ltd. engages in international and domestic air transportation services. It operates through the following segments: Qantas Domestic, Qantas International, Jetstar Group, Qantas Loyalty, and Corporate. The Qantas Domestic segment is involved in the carrier in the Australian domestic market measured by capacity. The Qantas International segment refers to the carrier into and out of Australia, also targeting business and leisure customers who value the full-service experience. The Jetstar Group segment focuses on operations in Australia, delivering low fares and a differentiated product offering to the price-sensitive market. The Qantas Loyalty segment consists of consumer and SME coalition loyalty programs. The Corporate segment refers to centralized management and governance of the Qantas Group. The company was founded on November 16, 1920 and is headquartered in Mascot, Australia.

The Qantas share price has done well this year even as the company continued to attract criticism in Australia. The QAN stock price rose to a high of A$ 9.12 this month, up by 90% from the lowest level in 2023.

Here's why Qantas share price has surged to a record high

A Qantas flight bound for Brisbane made an emergency landing in Sydney airport after passengers heard a loud bang from one of its engines, Australian media reported on Friday.

Qantas plane makes emergency landing in Sydney, media report

Qantas Airways is not opposed to Qatar Airways' proposal to take a 25% stake in Australia's No. 2 carrier Virgin Australia, Qantas' chair and CEO said on Friday, adding its investment plan meant it was well-placed to compete.

Qantas says it is not opposed to Qatar stake in Virgin Australia

Australia's flag carrier Qantas Airways said on Friday it does not expect an impact on customers from a strike planned by some of its engineering work groups ahead of the annual general meeting scheduled for later in the day.

Australia's Qantas says engineer strike not expected to impact customers

Australian flag carrier Qantas Airways on Friday lifted revenue expectations from its domestic operations for the first half of the financial year, while forecasting lower fuel costs after a drop in global prices.

Australia's Qantas lifts domestic revenue estimates, lowers fuel cost forecast

Australia's largest airline said it will work to expedite payments to former staff after a court ruling indicated the carrier could be on the hook for tens of millions of dollars in payments.

Qantas to Expedite Payments to Former Ground Handlers After Court Ruling

A court on Monday ordered Australia's Qantas Airways to pay a combined A$170,000 ($114,000) to three baggage handlers it unlawfully sacked in 2020, implying a big damages bill for a lawsuit involving about 1,700 former workers whose jobs were outsourced.

Australia's Qantas told to pay $114,000 to 3 sacked workers in landmark outsourcing case

The Australian pilots union said on Tuesday that it has rejected a wage proposal from Qantas Airways for its short haul pilots, days after the company's engineers went on a strike to demand a better pay deal.

Australian pilots union rejects Qantas Airways' wage proposal

Proposed sale would allow Virgin to offer long-haul flights and lower domestic prices, airline says, but watchdog will need to scrutinise deal

Qatar Airways plan to buy 25% stake in Virgin Australia could boost competition with Qantas

Qatar Airways will buy a 25% stake in Virgin Australia from U.S. private equity firm Bain Capital, posing a tougher contest for Qantas Airways that has dominated Australian routes and pushed back against giving access to the Middle Eastern carrier.

Qatar Airways buys into Virgin Australia, raising the stakes against Qantas

Australia's Qantas Airways said rolling aircraft maintenance engineer strikes that began on Thursday in Melbourne and are set to continue for two weeks across the country are not expected to disrupt flights.

Australia's Qantas says rolling engineer strikes not expected to disrupt flights

Qantas faces a challenging cost and revenue environment; FY24 results showed a 15.7% decline in group EBIT to A$2.078 billion. Despite pressures, Jetstar's performance was a bright spot, with EBIT growing 23% to A$497 million, indicating a shift towards low-cost alternatives. Risks include continued capacity additions impacting fare stabilization, particularly in international markets, but domestic operations and transformation initiatives offer some optimism.

Qantas Stock: Challenging Cost, Revenue Environment But Upside Remains

Australia's Qantas Airways announced an additional share buyback on Thursday but no dividend for the fifth year, as the airline reported a 16% annual profit drop due to lower fares, spending on customers and weaker freight revenue.

Qantas profits dip as fares fall, announces further share buy-back

Qantas said on Monday that 300 passengers got their hands on the discounted tickets within eight hours on Aug. 22.

Qantas blames computer glitch for massive discount on first-class tickets

Qantas Airways said on Thursday its board had decided to cut former CEO Alan Joyce's fiscal 2023 pay by A$9.26 million ($6.03 million).

Qantas' board decides to cut former CEO Alan Joyce's 2023 pay

Australia's Qantas Airways said on Thursday it will acquire the remaining 49% stake in online travel business TripADeal for A$211 million ($140.6 million) as the airline seeks to capitalize on strong demand for holiday bookings.

Qantas to buy remaining 49% stake in TripADeal for $140.6 mln

Boeing

The Qantas chief executive said on Tuesday she was confident Boeing would address the quality issues at the American planemaker, which have plunged the company into a crisis.

Qantas CEO confident Boeing will address quality issues

Qantas Airways said on Tuesday it will suspend its Sydney flights to Shanghai from July 28, citing low demand, around nine months after the Australian flag carrier resumed the service on hopes of a travel rebound following the pandemic.

Australia's Qantas to suspend flights to Shanghai on low demand

The airline agrees to a $100m fine and to repay $20m to customers in settlement with the ACCC

Qantas to pay $120m for allegedly selling tickets to flights that had already been cancelled

Qantas was accused in 2023 of advertising tickets to flights that were already canceled. Regulators announced Sunday that the airline agreed to pay $13.2 million to impacted customers.

Qantas will pay up to about $79 million to resolve claims it sold tickets for canceled flights

Australia's major airline will pay a civil penalty of $66.1 million to resolve court proceedings with a regulator which alleged the airline had advertised tickets for more than 8,000 flights it had already canceled.

Qantas to Pay Civil Penalty for Selling Tickets on Canceled Flights

SYDNEY — Qantas said it has agreed to pay a civil penalty of 100 million Australian dollars (US$66.1 million) to resolve court proceedings with a regulator which alleged the airline had advertised tickets for more than 8,000 flights it had already canceled.

Qantas to pay A$100 million fine for selling tickets for canceled flights

Australian flagship airline Qantas Airways said on Monday it reached a settlement agreement with the country's competition regulator under which it may be obliged to pay A$100 million ($66.06 million) civil penalty in a flight cancellation case.

Qantas faces $66 million penalty for flight cancellations

Australia's Qantas Airways said on Wednesday it was investigating issues impacting its frequent flyer application, after media reports suggested there was a data breach allowing users access to other passengers' travel information.

Australia's Qantas probing reports of data breach at loyalty app

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The airline industry is facing a significant challenge that could impact travelers' wallets in the coming years: a shortage of commercial aircraft.

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