Australia

Aug 28, 2014

Shareholders or passengers? Steep losses pose tough questions for the future of Qantas

Qantas international has suffered serious financial setbacks, despite earlier assurances to the contrary. The domestic arm isn't looking too flash either.

Ben Sandilands — Editor of Plane Talking

Ben Sandilands

Editor of Plane Talking

How could a record $2.8 billion loss in Qantas this morning turn into a strong jump in its share price?

5 comments

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5 thoughts on “Shareholders or passengers? Steep losses pose tough questions for the future of Qantas

  1. The Pav

    allan Joyce and Leigh Clifford have only one question to answer.

    Why are you still here?

  2. Rais

    The Qantas some of us can fly with Ben. Here in Perth we can still use Qantas domestically and it’s good enough at that. As good as Virgin and better than Jetstar. But internationally Qantas is the airline that “still calls Sydmelberra home.” WA and South Australia have no reason to buy Qantas tickets to fly on the carrier of another country when we can mostly get our tickets cheaper by buying them from that foreign carrier.

  3. David Hand

    The international division is doomed.

    Singapore to Sydney.
    # flights by Qantas – 2 both overnight inbound.
    # flights by Singapore Airlines – 4, 2 777s and 2 A380s

    Kuala Lumpur to Sydney
    # flights by QF – nil
    # flights by MH – 4

    Bangkok to Sydney
    # flghts by QF – 1 airbus 320 or 330
    # flights by Royal Thai – 2 400 series 747s

    The market has gone. none of us fly the kangaroo any more. Compare prices and you’ll see why.

    But we must keep those Qantas staff in the lifestyle they have become accustomed to mustn’t we.

    Ah well, the market will get them as management can’t do it.

  4. JimDocker

    Just booked another 6 flights for my family this week. That now makes 40 plus flights, international and domestic since the Qantas grounding. Qantas has not figured in my plans since that day. How can an airline ground it’s fleet, leave people stranded and expect them to fly again. It would take a massive change in personnel at the top for me to think Qantas are an option.

  5. David Hand

    I don’t believe you Jim.
    Abandoning Qantas on a matter of principle from years ago looks much more like solidarity with the bruvvers in the Engineers union.

    I reckon you’ve gone for better prices and friendlier service like the rest of us.

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