FINWIRES · TerminalLIVE
FINWIRES

ASX:QAN

59 stories mentioning ASX:QANUpdated 4d ago

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

What's the latest news on ASX:QAN?

Asia

Update: Qantas Planes Involved in Sydney Airport Near-Miss Under ATSB Investigation; Shares Rise 3%

(Updates to add a response from Airservices Australia in the fifth and sixth paragraphs)Australian Transport Safety Bureau (ATSB) said it is investigating a breakdown of coordination involving Qantas Airways' (ASX:QAN) QantasLink Bombardier DHC-8 and a Qantas Boeing 737 at Sydney Airport on July 27, according to a Wednesday statement by the regulator.The ATSB said air traffic control had cleared a Qantas Boeing 737 to cross a runway while a QantasLink Bombardier DHC-8 was landing on the same runway, with controllers detecting the conflict and alerting both crews in time for the 737 to stop before the crossing point.The investigation will involve interviewing those involved, reviewing recorded data and gathering other relevant information, with a final report to be released when the investigation concludes, ATSB added."Both Qantas aircraft were cleared to proceed following instructions from Air Traffic Control, and we will support the ATSB in the investigation," said a Qantas spokesperson, in response to' request for comment.In a response to' request for comment, an Airservices Australia spokesperson said that the air traffic regulator is assisting ATSB in their enquiries."Given the matter is currently under investigation, there is nothing further we can add at this stage," the spokesperson said.The airlines' shares rose 3% in recent Wednesday trade.

ASX:QAN
Asia

Qantas Planes Involved in Sydney Airport Near-Miss Under ATSB Investigation; Shares Rise 3%

Australian Transport Safety Bureau (ATSB) said it is investigating a breakdown of coordination involving Qantas Airways' (ASX:QAN) QantasLink Bombardier DHC-8 and a Qantas Boeing 737 at Sydney Airport on July 27, according to a Wednesday statement by the regulator.The ATSB said air traffic control had cleared a Qantas Boeing 737 to cross a runway while a QantasLink Bombardier DHC-8 was landing on the same runway, with controllers detecting the conflict and alerting both crews in time for the 737 to stop before the crossing point.The investigation will involve interviewing those involved, reviewing recorded data and gathering other relevant information, with a final report to be released when the investigation concludes, ATSB added."Both Qantas aircraft were cleared to proceed following instructions from Air Traffic Control, and we will support the ATSB in the investigation," said a Qantas spokesperson, in response to' request for comment.Airservices Australia did not immediately respond to anemail request for comment.The airlines' shares rose 3% in recent Wednesday trade.

ASX:QAN
Asia

Australian Shares Rally; Credit Corp Group Fiscal 2026 Earnings, Revenue Up

Australian shares rose on Tuesday mirroring a rally on Wall Street overnight.The S&P/ASX 200 Index gained 1.4%, or 126.50 points, to close at 9,145.80, setting a new 100-day high.On Wall Street, the Nasdaq Composite, the S&P 500, and the Dow Jones Industrial Average rose 2.1%, 1.5%, and 1.3%, respectively.Brent crude oil futures traded around $84 per barrel. US President Donald Trump said talks to end the conflict in the Middle East and open the Strait of Hormuz had resumed.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence rose 3.5 points to 74.7 in the week of July 27 to Aug. 2, ANZ reported. The four-week moving average was flat at 74.2.Australia's seasonally adjusted household spending rose 0.8% to AU$81.28 billion in June, following a 1.2% increase in the previous month, the Australian Bureau of Statistics reported.In company news, Credit Corp Group (ASX:CCP) logged AU$1.55 in EPS for the fiscal year 2026, compared with AU$1.366 a year ago. For the 12 months ended June 30, revenue was AU$586 million versus AU$545.6 million previously.Charter Hall Social Infrastructure REIT (ASX:CQE) logged AU$0.173 in operating earnings per unit for the fiscal year 2026, compared with AU$0.153 a year ago. For the 12 months ended June 30, revenue was AU$122.9 million versus AU$118.4 million previously.Lastly, Qantas Airways (ASX:QAN) and Japan Airlines (TYO:9201) signed a binding agreement to facilitate the change in Jetstar Japan's shareholder structure through a share buyback transaction, with the divestment of Qantas' 33.32% minority stake, subject to regulatory approvals.

ASX 200ASX:CCPASX:CQEASX:QANTYO:9201
Asia

Update: Qantas Airways to Divest Minority Stake in Jetstar Japan Via Share Buyback Deal

(Update to add Japan Airlines' ticker in the first paragraph)Qantas Airways (ASX:QAN) and Japan Airlines (TYO:9201) signed a binding agreement to facilitate the change in Jetstar Japan's shareholder structure through a share buyback transaction, subject to regulatory approvals, according to a Tuesday Australian bourse filing.Under the transaction, valued at 8.2 billion yen, Qantas will divest its 33.32% minority stake via a share buyback by Jetstar Japan, per the filing. The Development Bank of Japan will enter as a new shareholder in Jetstar Japan, with the transition expected to be complete by June 2027. After the deal, Jetstar Japan will transition to a new brand.The deal is expected to have an estimated gain of around AU$115 million to items outside of underlying for the Qantas Group, predominantly in fiscal 2027, including one-off benefits related to non-cash expensing of historical foreign currency translation gains from equity reserves and sale proceeds on completion of the transaction.Qantas plans to redirect capital investment toward Qantas and Jetstar's domestic and international operations in Australia.

ASX:QANTYO:9201
Asia

Qantas Airways to Divest Minority Stake in Jetstar Japan Via Share Buyback Deal

Qantas Airways (ASX:QAN) and Japan Airlines signed a binding agreement to facilitate the change in Jetstar Japan's shareholder structure through a share buyback transaction, subject to regulatory approvals, according to a Tuesday Australian bourse filing.Under the transaction, valued at 8.2 billion yen, Qantas will divest its 33.32% minority stake via a share buyback by Jetstar Japan, per the filing. The Development Bank of Japan will enter as a new shareholder in Jetstar Japan, with the transition expected to be complete by June 2027. After the deal, Jetstar Japan will transition to a new brand.The deal is expected to have an estimated gain of around AU$115 million to items outside of underlying for the Qantas Group, predominantly in fiscal 2027, including one-off benefits related to non-cash expensing of historical foreign currency translation gains from equity reserves and sale proceeds on completion of the transaction.Qantas plans to redirect capital investment toward Qantas and Jetstar's domestic and international operations in Australia.

ASX:QAN
Asia

Update: Market Chatter: Qantas Airways in Talks With Accenture Over Outsourcing Deal

(Updates to add a response from Qantas in the third paragraph)Qantas Airways (ASX:QAN) is in advanced negotiations with Accenture to implement a plan dubbed Project iQ that would see the airline outsource as many as 1,000 roles to India, the Australian Financial Review reported Tuesday, citing several anonymous sources briefed on the matter.A final decision on the plan, which involves outsourcing portions of Qantas' back-office roles through greater use of artificial intelligence, is anticipated this year, according to the report.In an emailed response to' request for comment, the company confirmed that it is in early-stage discussions with Accenture, but has not arrived at a formal agreement or decision.(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 Fiscal 2027 Earnings to Take a Hit on Higher Fuel Costs, Jefferies Says

Qantas Airways (ASX:QAN) is facing pressure from volatile oil prices as uncertainty over the Middle East conflict persists, Jefferies said in a note on Monday.The investment firm cut its fiscal year 2027 earnings per share estimate by 25%, putting it 10% below the consensus, due to expectations of higher fuel costs.The re-escalation of the US-Iran conflict has pushed oil prices up again, but airline stocks have remained firm, suggesting the market still anticipates tensions to ease.The impact of the conflict's on-and-off nature on the domestic and international economy will take longer to assess, while travel demand has stayed relatively resilient."Ultimately, near-term fuel cost increases are still not seen as structural, and so we continue to see upside," the firm said.Jefferies maintained a buy rating on Qantas Airways but lowered its price target to AU$11.91 from AU$12.80.

ASX:QAN
Asia

Market Chatter: Qantas Airways in Talks With Accenture Over Outsourcing Deal

Qantas Airways (ASX:QAN) is in advanced negotiations with Accenture to implement a plan dubbed Project iQ that would see the airline outsource as many as 1,000 roles to India, the Australian Financial Review reported Tuesday, citing several anonymous sources briefed on the matter.A final decision on the plan, which involves outsourcing portions of Qantas' back-office roles through greater use of artificial intelligence, is anticipated this year, according to the report.A Qantas spokesman said the company is in early stage talks with Accenture, but a formal deal has not been struck yet, the news outlet reported.Qantas did not immediately reply to a request for comment from.(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' 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

Showing 21-40 of 59

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