QAN
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Company News
Qantas to close Jetstar Asia as financial challenges and regional competition intensifies
Qantas Airways (ASX: QAN) has confirmed it will close its Singapore-based low-cost subsidiary Jetstar Asia in a bid to free up millions in capital to support an ambitious fleet renewal program. Jetstar Asia has faced growing challenges in recent years from rising supplier costs, high airport fees and intensified regional competition. The company expects to […]
Budget brands thrive during cost-of-living crisis
One of the interesting trends to come out of the just completed Australian profit season was the ability of budget brands that delivered well to successfully turn profits despite – or perhaps because of – the cost-of-living crisis. One of the clearest examples was Kmart, which enjoyed a 4.4% increase in sales at a time […]
ACCC blocks Qantas-Alliance tie-up, Star Group reveals low earnings and Irish national to lead flailing EML Payments
The Australian Competition and Consumer Commission (ACCC) has stonewalled Qantas Airways’ (ASX: QAN) proposed acquisition of private charter flight service company Alliance Aviation Services (ASX: AQZ). Qantas scooped up a 19.9% holding in Alliance in February 2019, and in May last year followed up with a bid acquire 100% of the airline for about $614 […]
Ampol delivers record dividend, South32 scraps Dendrobium coal mine extension and APA CEO’s shock resignation
Ampol (ASX: ALD) has announced an interim dividend of $1.20 per share in its latest half year report – signalling the company’s largest interim dividend it has ever paid. The $1.20 per share dividend is an increase of 130% over the previous corresponding period’s, which was $0.52 per share. The company reported an 83% rise […]
Qantas posts $1.4b profit, Domino’s Pizza plunges on lower sales and consortium revises Origin Energy bid
After $7 billion-worth of losses over three years, Qantas (ASX: QAN) revealed on Thursday it was back in the black with a record underlying before tax profit of $1.4 billion for the December half. The record profit compares to a $1.3 billion loss in the same period in 2021. Qantas chief executive officer Alan Joyce […]
BHP closes-in on OZ Minerals takeover, Newmont lobs bid for Newcrest and Qantas boss apologises – again
BHP Group (ASX: BHP) received approval from Brazil’s competition regulator on Monday for its acquisition of OZ Minerals (ASX: OZL). BHP announced its intent to buy-out OZ Minerals last year, which will help strengthen the company’s concentration in raw materials, particularly copper. Demand for the metal is expected to increase significantly as the world transitions […]
AGL plans early closure of SA gas power station, ANZ exits Myanmar and Chalice reveals ‘outstanding’ drilling results at Julimar
AGL Energy (ASX: AGL) has announced plans to shut down its Torrens Island ‘B’ gas power station in South Australia on 30 June 2026, aiming to transform the site into a low-carbon industrial energy hub for the future. The energy giant confirmed the closure of the station will take place nearly a decade earlier than […]
Nine extends tennis rights, Rio Tinto’s Turquoise Hill purchase stalled and Sandfire gains new CEO
Nine Entertainment (ASX: NEC) has extended its partnership with Tennis Australia, which will see the television giant hold the rights until 2029, under a new deal worth more than $425 million. The new five-year deal sees Nine continue as Australia’s home of tennis, after it took over the rights from competitor Seven West Media (ASX: […]
Novonix finalises US$150m grant, Qantas boss wants ‘super terminal’ and BHP workers seek better conditions
Novonix’s (ASX: NVX) shares have been surging in recent days after confirming it is in discussions with the US Department of Energy for a grant worth US$150 million (A$240 million) to fund its production expansion plans. The battery materials and technology company has also been in advanced talks with multiple suitors over additional funding which […]
Qantas eyes return to profitability, High Court clears BHP class action and BrainChip receives 10th US patent
Australia’s largest airline Qantas (ASX: QAN) has announced it is expecting a return to profitability after more than two years of losses due to COVID-19. Qantas anticipates an underlying profit before tax of between $1.2 billion and $1.3 billion for the first half of the 2023 financial year. The company said the expected profitability would […]