Qantas Airways Ltd
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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 […]