Former Qantas executive Olivia Wirth has been appointed the new chief executive of Myer on the same day the department store revealed a staggering net profit of more than $50m. Previously the chief executive of Qantas Loyalty, Ms Wirth will take on the role of chief executive and executive chairContinue Reading
Australian banking giant ANZ has reported a profit of more than $7 billion despite facing “external challenges”. The big four bank announced on Monday an audited profit of $7.09 billion for the full year ending September 30, 2023. The banking giant’s cash profit also rose in 2023 by 14 perContinue Reading
A rise in airfares is on the cards for Qantas customers if the cost of jet fuel remains high, the airline has cautioned. The warning comes in the airline’s September market update and just three days after new Qantas boss Vanessa Hudson issued an apology to customers, promising to makeContinue Reading
Freshly minted Qantas chief executive Vanessa Hudson has issued a second apology as the airline’s woes continue to mount, promising to make changes to win back customers’ trust and rebuild the company’s flagging reputation. Ms Hudson took the reins at Qantas earlier this month after former chief executive Alan JoyceContinue Reading
Embattled airline Qantas has bolstered its relationship with a global management consulting firm to help restore its souring public standing. Sources said the Qantas, which had a longstanding relationship with strategic consulting outfit Boston Consulting Group (BCG) , had ramped up its partnership in recent weeks to help navigate theContinue Reading
All three current MPs appearing on Monday’s episode of Q+A admitted to maintaining exclusive Qantas chairman lounge memberships despite criticising the airline for alleged misconduct. Only moments after stating he was “trying not to” fly with Qantas as a “statement” against the airline’s practices, National MP Kevin Hogan revealed heContinue Reading
A Qantas pilot has laid bare the unsettling reality of why staff are unhappy with how the airline has dealt with turbulent times. The airline’s fall from grace began when international borders snapped shut during the early days of the Covid-19 pandemic and has been marked by a series ofContinue Reading
Two and a half-billion dollars. After 15 years at the helm, this was the bumper underlying profit result that outgoing Qantas boss Alan Joyce announced as he fronted the press pack for his final full-year financial report. But what was meant to signal new beginnings, the end of pandemic-era delaysContinue Reading
Outgoing Qantas chief executive Alan Joyce has refused to answer questions over Chairman’s Lounge membership for the Prime Minister’s son and lobbying efforts against increased Qatar Airways capacity. Mr Joyce is appearing before the Senate select committee on the cost of living in Melbourne, days after Qantas posted a full-yearContinue Reading
Australia’s national carrier, Qantas Group, has announced a record full-year underlying profit of $2.47bn, representing a dramatic financial turnaround for the country’s largest airline. The result is the company’s first profitable result since FY2019 after it incurred more than $7bn of statutory losses during the pandemic. After tax, Qantas statutoryContinue Reading