FINWIRES · TerminalLIVE
FINWIRES

ASX:QAN

31 stories mentioning ASX:QANUpdated 7d ago

Every FINWIRES story that references ASX:QAN, newest first.

Asia

Qantas Airways' First Project Sunrise Test Flight to Land in Melbourne

Qantas Airways' (ASX:QAN) first test flight under its Project Sunrise initiative departed from Toulouse, France, on Thursday and is due to land in Melbourne, Australia, on Friday morning after a 19-hour journey, according to multiple media reports on Friday.The test flight of the Airbus A350-1000ULR, which was custom-built for the airline's planned non-stop flights between Sydney and London starting from October 2027, was being tracked by thousands of people on Flightradar24 shortly after take off, news.com.au reported.Airbus is putting the A350-1000ULR through test flights under a range of conditions, including turbulent weather, The Australian reported.

ASX:QAN
Asia

Market Chatter: Qantas Airways' Project Sunrise to Drive Structural Re-Rating of International Operations, Morgan Stanley Says

Qantas Airways' (ASX:QAN) Project Sunrise initiative is expected to lead to a structural re-rating of the carrier's international operations, Morgan Stanley said in a note, the Australian Financial Review reported Tuesday.Under the initiative, the company aims to operate the world's first long-haul, non-stop commercial flights from Sydney to London and New York, according to its website.Morgan Stanley analyst Joseph Michael said that while Project Sunrise could make a potential AU$400 million contribution to earnings before interest and taxes, it also creates a bigger opportunity for the airline to tighten its valuation discount to global peers, AFR reported.The investment firm maintained an overweight rating on Qantas while raising the price target to AU$12.50 from AU$10.60, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:QAN
Asia

Qantas Airways Faces Transport Workers' Union Protests Over Outsourcing Tactics

Qantas Airways' (ASX:QAN) outsourcing tactics have created "dangerously low" aviation standards for both workers and travelers, Australia's Transport Workers' Union (TWU) said Thursday as it announced protests at airports across the country.While the company previously directly employed all of its workers, it now has them scattered across dozens of subsidiaries and labor hire firms in a "tactic used to dismantle pay and conditions," the union said.It pointed to safety and wage concerns in Qantas' use of ground handling companies like Swissport and Star Aviation, claiming that this outsourcing has created "a dysfunctional aviation sector for the travelling public.""With negotiations underway across ground handling, cabin crew, pilots, security and catering, thousands of aviation workers will soon have the potential right to take protected industrial action, with Qantas Freight workers now gearing up for action," the TWU said.Qantas Airways toldthat Swissport works for many airlines, including Virgin Australia (ASX:VGN). It added that there is currently no strike action impacting Qantas operations.

ASX:QANASX:VGN
Asia

Market Chatter: Wesfarmers Unit Bunnings Revamps Loyalty Program

Wesfarmers (ASX:WES) unit Bunnings is launching an overhauled professional trades loyalty scheme with the addition of spending-based rewards, The Australian reported Sunday, citing Bunnings Managing Director Mike Schneider.The home improvement and hardware retailer is introducing a multi-tiered loyalty program that targets tradespeople, builders, and small and medium-sized enterprises in Australia and New Zealand, according to the report.The program includes a partnership with Qantas Airways (ASX:QAN) offering members opportunities to earn points, with benefits progressively increasing under a new six-tier membership model, The Australian reported.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:QANASX:WES
Asia

Qantas Airways Expands Capacity on Japan, New Zealand Routes

Qantas Airways (ASX:QAN) said it is increasing flights between Melbourne and Tokyo and expanding trans-Tasman services, adding more than 45,000 seats across Japan and New Zealand routes amid sustained demand for both destinations, according to a Monday statement by the company.The airline said it will increase its Melbourne-Narita services from daily to 11 flights per week between December and March 2027 in response to growing demand, adding a total of 30,000 seats on the route.The airline is also increasing trans-Tasman capacity for the summer peak, adding 15,000 seats to Queenstown and increasing Sydney-Auckland services by up to 10% with larger aircraft and extra flights.The airline's shares were down nearly 1% in recent Monday trade.

ASX:QAN
Asia

Market Chatter: Qantas Airways Suspends Alice Springs-Melbourne Route, Scales Back Darwin-Singapore Flights

Qantas Airways (ASX:QAN) will indefinitely suspend its direct Alice Springs-Melbourne service and scale back Darwin-Singapore flights to operate only during peak travel periods, citing weak demand and rising operating costs, the Australian Broadcasting Corporation reported late Thursday, citing domestic Chief Executive Markus Svensson.Svensson said the discounted fares and a fuel-efficient aircraft failed to lift passenger numbers on the Alice Springs route, ABC reported. The report quoted Bruce Dale, an aviation analyst, as saying that the said aircraft is the Airbus A220.The airline will instead add a Saturday Alice Springs-Sydney service, making the route a daily operation, per the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:QAN
Asia

Qantas Airways Reaffirms Project Sunrise Earnings Potential, Jarden Says

Qantas Airways (ASX:QAN) reaffirmed its Project Sunrise target of contributing AU$400 million in earnings before interest and taxes at full fleet scale, with premium seating, a Sydney-and-Perth hub strategy, and fleet optimization serving as key elements of the business case, Jarden said in a note on Thursday.Qantas and Airbus revealed that the Airbus A350 that will serve as the backbone of Project Sunrise operations, confirming Sydney to London as the launch route set for October 2027, with ticket sales planned to open in February 2027.Jarden said the Project Sunrise investment case remains broadly unchanged from the airline's 2023 strategy day despite higher fuel costs and strong premium demand, which will remain key investor focus areas ahead of fiscal 2026 results.The investment firm noted that the airline is targeting about a 20% yield premium on Project Sunrise flights versus its current long-haul network, driven mainly by a higher share of premium seats, with the remainder coming from higher fares.The firm emphasized that the airline's Sydney-and-Perth hub strategy could consolidate demand to support ultra-long-haul load factors, while potential New Zealand market share gains could add feeder traffic without materially cannibalizing existing routes.Jarden added that fleet strategy remains a key investor focus, with fiscal 2026 results expected to provide more detail on A380 retirements and how the airline will optimize its A330, A350 and Boeing 787 fleets to support returns while maintaining network coverage.Jarden reaffirmed its buy rating on Qantas Airways and its AU$11.25 price target.Qantas Airways' shares were up nearly 1% in recent Friday trade.

ASX:QAN
Asia

Qantas Airways Reveals A350 Cabin Design for Project Sunrise Flights

Qantas Airways (ASX:QAN) revealed its redesigned Airbus A350 cabin for Project Sunrise, featuring a low-density 238-seat layout, upgraded sleep-focused seating across all classes, and a first-of-its-kind onboard wellbeing zone ahead of its planned Sydney to London nonstop launch in October 2027, according to a Thursday statement by the company after market hours.First class will include six private suites with lie-flat beds, circadian lighting, seating, and enhanced privacy controls, while business class will feature 52 enclosed suites with sliding doors and flexible dining.Premium economy and economy cabins have been redesigned with improved ergonomics, increased seat pitch, and memory foam seating, and now include a new economy plus section with extra space and priority benefits.The airline will add a wellbeing zone between premium economy and economy for stretching, hydration, and guided movement, and a new inflight entertainment system with journey planning, multilingual support, and social viewing.

ASX:QAN
Asia

Qantas Airways to Launch First Non-Stop Sydney to London Flights in 2027

Qantas Airways (ASX:QAN) said it will begin operating direct flights between Sydney and London in October 2027 as part of its "Project Sunrise" program, using Airbus A350-1000ULR aircraft designed for ultra long-haul travel of up to 22 hours, according to a Wednesday statement by the company.The new service will eliminate decades of stopover-based "Kangaroo Route" operations, reduce travel times by up to four hours compared with current one-stop flights, and advance the airline's shift toward direct connectivity between Australia's east coast and Europe.The 238-seat A350s with extended range are part of a 12-aircraft order, with sales opening in February 2027 and future expansion planned to routes including Sydney to New York.

ASX:QAN
Asia

Australian Airlines Raising Fares, Reducing Capacity in Response to Higher Fuel Costs, ACCC Competition Report Finds

Australian airlines, including Qantas Airways (ASX:QAN) and Virgin Australia (ASX:VGN) have raised airfares and cut seating capacity on some routes in response to higher jet fuel prices brought by the Middle East conflict, the Australian Competition and Consumer Commission (ACCC) said in a Tuesday report.Jet fuel prices rose over 40% in early June compared with mid-February, and refining margins also remain significantly elevated, increasing cost pressures across the aviation sector, the ACCC's Domestic Airline Competition report found.Both Qantas and Virgin Australia locked in part of their fuel costs ahead of time to mitigate the short-term impact of higher prices. Rex, meanwhile, reported that it does not hedge against jet fuel prices due to its relatively smaller scale, the report said.Virgin Australia has reportedly increased fares by around 5% across domestic economy and business services since March, whereas Qantas has not disclosed the size of its fare increase.Passenger demand has remained steady, supported by Easter school holidays and sporting events, with overall seat capacity increasing nearly 2% in April from a year earlier. However, as many travelers book well in advance, especially for holidays, the latest data does not fully reflect the impact of higher airfares, the ACCC said."We expect this to become clearer over the coming months and will continue to monitor the impact on consumers and the broader aviation sector," said ACCC Commissioner Anna Brakey.Additionally, the report found that potential new entrants, including Zinc Airlines and Koala Airlines, could help boost competition in a highly concentrated sector where Qantas and Virgin Australia operate 98.5% of passenger flights.The regulator found that airline service reliability improved in April, with the industry's average on-time arrival rate of nearly 83% marking the best result reported since February 2022. The industry cancellation rate in April was just under 2%, below the average of 2.2%.Qantas shares gained over 1% in recent Wednesday trade, while Virgin Australia was nearly 1% higher.

ASX:QANASX:VGN
Asia

Qantas Airways, Jetstar to Launch Passenger Service From Western Sydney International Airport

Qantas Airways (ASX:QAN) and its Jetstar subsidiary will launch flights from Western Sydney International Airport when it opens on Oct. 25, Qantas said Wednesday.Jetstar will operate up to 14 flights each week between Western Sydney International and Melbourne, four weekly flights to the Gold Coast, and three weekly flights to Brisbane, starting with the first commercial passenger flight to the Gold Coast on Oct. 25.Qantas operations will start on March 28, 2027, with four flights per week to both Melbourne and Brisbane, the company said.The new flights follow Qantas Group and Western Sydney International entering a five-year agreement for domestic passenger flights and freight.

ASX:QAN
Asia

Qantas Airways Market Share Trends in Australia Overall Remain Stable, Jarden Says

Qantas Airways' (ASX:QAN) market share trends in Australia overall remain stable at 49%, Jarden said in a Thursday note.Overall, the Australian market is expected to see a snap back in scheduled seats growth through July, up 11% year-over-year, driven largely by a scheduled uplift in seats capacity from Asian discounters and Chinese carriers.Deep capacity reductions for Middle East carriers, which fell 71% through April, but are set to recover over the course of the first half of fiscal year 2027, and restore capacity by June to pre-conflict levels. North American seat growth has remained resilient over the final few months of the second half of fiscal year 2026, based on current scheduled capacity.Based on Visible Alpha consensus estimates, Qantas' international capacity growth is forecast at 2.1% in the first half of fiscal year 2027.The investment firm retained its buy rating and its AU$11.25 per share price target on Qantas.

ASX:QAN
Asia

Qantas Airways Project Sunrise Completes Maiden Test Flight Ahead of Non-Stop London, New York Services

Qantas Airways (ASX:QAN) said its Project Sunrise Airbus A350-1000ULR has completed its maiden test flight ahead of the launch of commercial flights connecting Australia's east coast to London and New York non-stop for the first time, according to a Wednesday statement.The airline said the flight tested the aircraft's primary systems, including its specialized fuel system that will enable commercial flights of up to 22 hours non-stop, marking the beginning of a two-month testing campaign.A second Project Sunrise aircraft is progressing through Airbus' final assembly line with delivery to Qantas expected in April 2027, the statement added.Qantas will disclose the first Project Sunrise route and timing of its inaugural commercial services later in June, it added.

ASX:QAN
Asia

Qantas Airways Shares Rise After Frequent Flyer Partnership With Philippine Airlines

Qantas Airways (ASX:QAN) shares rose more than 1% in recent Friday trade after the company said Thursday it struck a partnership allowing its frequent flyer members to book classic reward seats across the entire Philippine Airlines network.The collaboration gives Qantas frequent flyers greater access to North America, the Middle East, and 15 new island destinations via Manila.Philippine Airlines operates 22 weekly flights between Australia and Manila, including daily service from Sydney and Brisbane, the statement said.

ASX:QAN
Asia

Qantas Airways' 'Project Sunrise' Reportedly Delayed Due to Airbus Supply Chain Issues

Qantas Airways' (ASX:QAN) "Project Sunrise," which envisages planned 22-hour non-stop flights from Australia's east coast to London and New York, was delayed after airplane manufacturer Airbus said the modified A350 aircrafts required for the journey were delayed due to supply chain issues, according to multiple media reports on Monday.The airline is now expected to take delivery of the new planes in April 2027.Qantas indicated it expects to have five such ultra long range aircrafts by November 2027, The Sydney Morning Herald reported.Qantas ordered 12 of the specially equipped A350s in May 2022. The first plane was originally to be delivered to the airline by the end of 2026.Qantas' shares soared 5% in recent Monday trade.

ASX:QAN
Asia

Update: Air New Zealand Expects Fiscal 2026 Loss Before Taxation of NZ$340 Million to NZ$390 Million

(Updates with latest stock movements in the last paragraph.)Air New Zealand (ASX:AIZ, NZE:AIR) expects a fiscal year 2026 loss before taxation in the range of NZ$340 million to NZ$390 million, based on current trading conditions and an assumed average jet fuel price of around $145 per barrel for the second half, according to Thursday filings with the Australian and New Zealand bourses.The revised outlook remains subject to material uncertainty, including continued volatility in jet fuel prices and refining margins, global economic conditions, and demand conditions. The airline is around 85% hedged against its fiscal year 2026 second-half Brent crude exposure following recent capacity consolidations. It is around 55% hedged on Brent crude for the first half of fiscal year 2027 and is actively managing its hedging profile.Fare increases were implemented, but recovering the full impact of higher fuel costs over a short period would risk further demand softness, the company noted. It has made three targeted capacity consolidations to date, reducing overall group capacity since the start of the conflict in the Middle East by around 3% to 5% across its various networks.The airline is reviewing upcoming capital expenditure plans, noting there will be near-term capital expenditure deferrals because of delays from aircraft manufacturers. It identified up to NZ$100 million of annualized cost savings to date, which will flow through into fiscal year 2027 and beyond.It is in the final stages of establishing a $400 million secured revolving credit facility to raise financing against part of its existing unencumbered aircraft pool.Its shares fell past 3% on the New Zealand bourse in recent Thursday trade and declined over 4% on the Australian exchange. Meanwhile, shares of Qantas Airways (ASX:QAN) were down nearly 1%.

ASX:AIZASX:QANNZE:AIR
Asia

Market Chatter: IFM Threatens to Scrap AU$3 Billion Sustainable Aviation Fuel Project

Australian investment company IFM Investors has threatened to scrap a proposed AU$3 billion sustainable aviation fuel project in Australia, unless the Australian government mandates airlines use the product, according to a Tuesday Bloomberg report, citing IFM's Global Head of Infrastructure Asset Management, Danny Elia.Elia said that IFM needs to see some finalization of Australia's policy framework on the subject as well as a demand-side mandate, the report added.IFM is working on the project under a memorandum of understanding with Ampol (ASX:AMP) and GrainCorp (ASX:GNC).Virgin Australia (ASX:VGN) and Qantas Airways (ASX:QAN) did not immediately respond to anemail request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:AMPASX:GNCASX:QANASX:VGN
Asia

Market Chatter: Qantas CEO Becoming 'More Optimistic' on Fuel Supply

Qantas Airways (ASX:QAN) Chief Executive Vanessa Hudson said the company is becoming "more optimistic" on fuel supply, Bloomberg News reported Tuesday.Speaking at the Macquarie Australia Conference, Hudson said the company has fuel commitments up to the middle of June, per the report.Hudson noted that the airline registered strong demand for domestic and international air travel despite high fuel prices.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:QAN
Asia

Australian Shares Swing to Green; ANZ Group Holdings Posts Higher Fiscal H1 Cash Earnings, Operating Income

Australian shares swung back to positive territory on Friday's close as equities received a boost from earnings season in the US and oil prices eased.The S&P/ASX 200 Index rose 0.74%, or 64 points, to close at 8,729.80.Brent crude oil futures were trading over $111 per barrel. The Strait of Hormuz remained closed, and Iran said it would respond with "long and painful strikes" on US positions if the US renewed attacks.Strong corporate earnings lead to a rally ​in tech stocks on Wall Street. The US gross domestic ​product (GDP) increased at a 2% annualized rate last quarter, compared with a 0.5% pace in the fourth quarter, the Commerce Department's Bureau of Economic Analysis said.On the domestic front, Australia's producer prices, excluding exports, increased 0.4% in the March quarter, following a 0.8% rise in the December 2025 quarter, according to data from the Australian Bureau of Statistics.Australia's manufacturing sector returned to expansion in April, though the improvement was outweighed by major supply-chain disruptions and a sharp rise in costs linked to fuel and freight pressures arising from the Middle East conflict, according to a survey by S&P Global.The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Manager's Index (PMI) rose to 51.3 in April from 49.8 in March.Australia's home value index edged 0.3% higher in April, registering its slowest pace of growth since January 2025 amid declines in Sydney and Melbourne, according to figures from Cotality.In company news, ANZ Group Holdings (ASX:ANZ, NZE:ANZ) reported fiscal first-half cash earnings of AU$1.242 per share, up from AU$1.17 a year earlier. Operating income for the six months ended March 31 was AU$11.2 billion, compared with about AU$11 billion a year earlier. Its shares fell 2% at market close.Coles Group (ASX:COL) sales revenue for the fiscal third quarter was AU$10.7 billion, up from AU$10.38 billion a year earlier. The increase was driven by a 4% growth in the supermarket segment's sales revenue to AU$9.78 billion. Its shares closed up 3%.Lastly, Qantas Airways (ASX:QAN) and its Jetstar unit are set to extend previously disclosed schedule changes across their international and domestic network into the first quarter of fiscal year 2027, aiming to mitigate the impact of significantly higher fuel prices due to the Middle East conflict. Its shares closed up 1%.

ASX 200ASX:ANZASX:COLASX:QANNZE:ANZ
Asia

Qantas Airways Extends Schedule Changes Through September Quarter, Adds Europe Seats

Qantas Airways (ASX:QAN) and its Jetstar unit are set to extend previously disclosed schedule changes across their international and domestic network into the first quarter of fiscal year 2027, aiming to mitigate the impact of significantly higher fuel prices due to the Middle East conflict, according to a Friday filing with the Australian bourse.On its international network, Qantas will continue to operate more flights between Australia and Europe. Additional Perth-Rome flights have been extended for another three months until the end of October, while flights to Paris will revert to three return flights per week in August, continuing to operate from Sydney through Singapore.The changes come in response to strong demand for travel to Europe, and will provide an additional 2,000 seats to and from the continent each week, Qantas said.The changes also lower the company's previously planned international capacity by 2 percentage points for the September quarter, per the filing.With regards to the domestic network, Qantas said it is extending capacity reductions of 5 percentage points until the end of September, mainly on major capital city routes.

ASX:QAN

Showing 1-20 of 31

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:QAN in your portfolio
WheelAI
WheelAI
Analyze ASX:QAN options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:QAN