I bought into IVC, same reasoning.well some have suggested you shouldn't let a good crisis go to waste
i bought some PFP ( @ $3 in December 2020 ) hasn't done too badly for a stock rarely mentioned in the forums
QANTAS GROUP ANNOUNCES MAJOR AIRCRAFT ORDER TO SHAPE ITS FUTURE
2 May 2022: The Qantas Group has today announced several major fleet decisions that will reshape its international and domestic networks over the next decade and beyond.
- Approval of Project Sunrise, with order for 12 x Airbus A350s capable of flying direct from Australia to any other city including New York and London, starting from Sydney in late 2025.
- Domestic fleet renewal from late 2023, with order for 40 x A321XLRs and A220 aircraft; 94 purchase order rights spread over at least a decade.
- Major improvements in emissions, running costs and passenger comfort vs retiring aircraft.
- No change to FY23 capital guidance; structure of orders to align with Group Financial Framework1 .
These decisions will also improve journeys for millions of people every year, and create over 1,000 jobs as well as many career progression opportunities at the national carrier.
Domestically, Qantas will start the renewal of its narrow body jets as part of ‘Project Winton’ with firm orders for 20 Airbus A321XLRs and 20 A220-300s as its Boeing 737s and 717s are gradually retired. The first of these aircraft will start to arrive in late calendar 2023, with the order including purchase right options for another 94 aircraft for delivery through to at least 2034. Internationally, 12 Airbus A350-1000s will be ordered to operate non-stop ‘Project Sunrise’ flights from Australia to other cities including New York and London.
These aircraft will feature market-leading passenger comfort in each travel class with services scheduled to start by the end of calendar 2025 from Sydney. All of these next generation aircraft – through their lower emissions, longer range, less noise and better economics – will improve how people travel around Australia and overseas. Customers can expect more direct routes and therefore less total travel time.
They can expect higher levels of cabin comfort. And, particularly on domestic and regional routes, they can expect more choice of flights at different times of day due to different size aircraft for peak and off-peak times.
Qantas is pushing the button on its much anticipated Project Sunrise flights, announcing the routes and aircraft order to make the ultra long haul services such as a non-stop Sydney to London flight a reality.
Details will be revealed at one of the airline’s hangars in Sydney Airport on Monday where a brand new Airbus A350-1000 will touch down.
The aircraft, painted in Qantas livery made the journey from Airbus headquarters in Toulouse, France over the weekend.
Up to a dozen of the long range jets will be ordered by Qantas in addition to 40 A320neo and A220 jets for domestic flights.
Qantas chief executive Alan Joyce has been planning Project Sunrise for five-years, and staged a series of research flights in 2019.
Mr Joyce has described the flights from Australia’s east coast to some of the biggest cities in the world as the last frontier in aviation, and said they would cement Qantas’s place as an industry pioneer.
“New types of aircraft make new things possible,” said Mr Joyce. “That’s what makes today’s announcement so significant for the national carrier and a country like Australia where air travel is crucial.”
He said throughout Qantas’s history the aircraft they flew “defined the era they were in”.
“The 707 introduced the jet age, the 747 democratised air travel and the A380 brought a new level of comfort,” said Mr Joyce.
“The A350 and Project Sunrise will make any city just one flight away from Australia.”
The non-stop research flights from New York to Sydney and London to Sydney helped test the optimum timing of meal services, sleep and activities to make the 19 to 20-hour flights tolerable.
An Airbus A350-1000 flight test aircraft flies over Sydney Harbour on Monday.
Services on those routes were now slated to start from late 2025, a year later than initially planned.
Despite the Covid pandemic delaying the start, the concept of the non-stop flights was expected to be even more popular with passengers keen to avoid stopovers in hubs like Dubai, LA or Singapore.
In a separate announcement, Qantas also delivered a third quarter trading update to the ASX, saying the airline was seeing a strong sustained recovery in travel demand. The shares rallied on the news, climbing 3.2 per cent to $5.78 in morning trade.
Underlying earnings before interest and tax, is expected to be between $450 and $550m for the second half of the 2022 financial year, in a dramatic turnaround from the first half figure of a $245m underlying loss.
The airline group reduced net debt from $6.4bn at the height of the pandemic to below pre-Covid levels at $4.5bn at the end of April.
The update noted that demand for domestic travel had exceeded expectations and international travel was experiencing a gradual recovery as various countries eased restrictions.
Bookings for London, LA, Johannesburg and Bali were particularly strong and freight volumes remained much higher than pre-Covid.
Qantas Loyalty continued to be a standout for the group, with earnings tipped to almost double from the third to fourth quarter.
Nicer, the ultimate POS for me.nothing but revulsion anyone, he is not alone.I found Joyce an odd choice to begin with, small man syndrome, but nicer, like a good little leprechaun...
Over Joyce: A brief history of one man's fight against everyone
Despite a consistent record of alienating all three key elements of the business he heads, Qantas boss Alan Joyce somehow has remained at the controls of the airline for the best part of a decade and a half, writes Ian Verrender.www.abc.net.au
I don't often quote the ABC...
During his long reign, he's presided over a cumulative loss of $2.8 billion, hardly the kind of performance that would earn anyone the accolades of the business world
Through all this, Joyce has had the backing of government to the point where Qantas can boast that it has received more taxpayer welfare than any other company in the nation's history.
Maybe politicians access to the chairmans lounges is responsible for much of the handouts?
I just wonder what the future is for a company which is a woke symbol, yet whose actual existence is in conflict with the Reset, has created a lot of bad press since covid and is now in my blacklist for any booking i do or recommend family to fly with..and i am not the only one...I said to someone on Monday this week that Qantas should have a good week.
Qantas isn't a buy for me for ethical reasons, but that's just me and my quirks.
View attachment 148034
A lot of planes sat around for a lot of time during covid, things that are kept warm and operating have predictable issues, things that sit around in the open getting cold, damp, wet, warm get a whole different set of problems, most of which are unexpected.Does Qantas have a systemic problem related to aircraft maintenance ?
What could the potential effect on its share price be ?
U-turn after third Qantas flight problem
Another Qantas flight has been forced to turn back after experiencing mid-air troubles, landing safely at Melbourne airport.thenewdaily.com.au
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