Qantas ceo: Transformation ‚Äúworking”

Qantas ceo: Transformation ‚Äúworking”
By admin


Qantas is expecting to report an underlying net profit after tax between $300 million and $350 million for the first half of FY15, attributing the turnaround to the success of its Transformation program launched 12 months ago.

The airline said the $2 billion accelerated Qantas Transformation program, which included various cost-cutting measure across the entire company, has either met or exceeded savings targets, with the group on track to realise “at least $350 million in further benefits in the first half of FY15”.

The airline said it also expects to receive a $30 million benefit in the first half from lower Australian dollar fuel prices.

Qantas ceo Alan Joyce said the Transformation was “gathering pace” and was on track to report its best first half result since 2010.

"This demonstrates that the strategy we have outlined to transform our business is working," he said in a statement released on the ASX this morning.

"This is an improvement of over $550 million compared with the first half last year, with Qantas Transformation being the primary driver of the turnaround."

The airline reported all operating segments are expected to be profitable in the first half, at underlying earnings before interest and tax levels.

Qantas will announce the first half results for FY15 on 26 February 2015.

Latest News

  • Hotels

Minor Hotels announces a new luxury Anantara on Bali’s Seseh Beach

Minor Hotels has signed an agreement to manage a new-build Anantara resort and branded residences on Seseh Beach in Bali, opening in 2027. The news Anantara Dragon Seseh Bali Resort will be the first luxury beachfront resort on Seseh Beach and the third Anantara Hotels & Resorts property in Bali. The Anantara Dragon Seseh Bali […]

  • Aviation

Solomon Airlines fills Air Vanuatu gap with flights from Port Vila to Auckland

Solomon Islands’ national carrier will commence direct flights between Port Vila and Auckland from 27 May, using Solomon Airlines aircraft to continue air services linking Vanuatu and New Zealand. Solomon Islands officials together with the Vanuatu Government has worked closely with relevant New Zealand authorities to continue interim flights servicing Auckland from Port Vila. This included […]

  • Aviation

Board Air Canada in Sydney’s CBD via a sleek Light Rail

Visitors flocking to Vivid Sydney will glide through the CBD in the newest addition to the Air Canada fleet – a sleek Light Rail tram wrapped in the airline’s unique livery. The Air Canada-themed tram is part of a new marketing campaign designed to put Air Canada in lights during the Vivid Sydney festival (25 […]

  • Cruise
  • News

Carnival Splendor to the rescue of Aussies and Kiwis left stranded in Vanuatu

Carnival Cruise Line’s Carnival Splendor has come to the aid of a group left stranded in Vanuatu, following the collapse of Air Vanuatu. The group, eight Australians and one New Zealander, were visiting the island of Santo when Air Vanuatu cancelled all flights, leaving them without a way home. Carnival Cruise Line responded by offering […]

  • Hotels

QT Singapore set to open in heritage Eastern Extension Telegraph building

Bookings open today for QT Singapore, in the historic former Eastern Extension Telegraph building along Robinson Road, the first property from QT Hotels & Resorts to open outside Australian and New Zealand. Previously Accor’s So Singapore, then the Hotel Telegraph, QT Singapore will officially launch on September 16 and will feature 134 rooms, ranging in […]

  • Hotels
  • News

Minor Hotels’ Anantara group reimagines the brand as its portfolio surpasses 50 properties

Anantara Hotels & Resorts is marking a significant milestone with a reimagined brand identity as recent openings across Europe, Middle East and Asia have propelled the brand portfolio beyond 50 properties. Part of the Minor Hotels group, the Anantara visual refresh takes an elegant, pared-back approach that enables each hotel’s unique character to shine – […]