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Qantas Record Profit (again!) - Tiger Comments  
User currently offlineGlennStewart From Australia, joined Jun 2003, 1124 posts, RR: 54
Posted (7 years 1 month 1 week 2 days 2 hours ago) and read 1820 times:

Record profit for Qantas

Qantas this morning reported a $1.032 billion pre-tax profit for the year to 30 Jun 2007 - up a massive 54% on last year’s result. It was a good result for QF staff too, with each eligible employee granted $1000 in shares and a $1000 cash bonus.

Meanwhile, Tiger Airways has congratulated QF, saying the bumper figure “demonstrates that there is plenty of room in
the Australian market for Tiger”.

---

Seems the Australia-Asia market is continuing to boom. Will be interesting to see how the introduction of Tiger, and Virgin Blue's new US-Australia carrier (V Australia) will have on Qantas's profitability.


Respected users.... If my replies are useful, then by all means...
2 replies: All unread, jump to last
 
User currently offlineRuscoe From Australia, joined Aug 1999, 1567 posts, RR: 2
Reply 1, posted (7 years 1 month 1 week 2 days ago) and read 1729 times:

A lot also depends on what Qantas does with it's loyalty arm, Qantas FF.

I believe Qantas are going to sell it off. I know it is the main reason I book with Qantas,if I can, and I know a few others also.

It has been my experience that when things are "sold off" and it is going to be better for the consumer, it turns out to be better for the "shareholder".

Ruscoe


User currently offlineQantasAirways From Australia, joined Mar 2001, 1278 posts, RR: 3
Reply 2, posted (7 years 1 month 1 week 1 day 20 hours ago) and read 1586 times:

Quoting Ruscoe (Reply 1):
It has been my experience that when things are "sold off" and it is going to be better for the consumer, it turns out to be better for the "shareholder".

That's true. I'm waiting for their announcement with great interest, as a relatively new member of Qantas FF. I read somewhere that Qantas may re-introduce points expiration (this was speculative), but I really hope they don't. I do, however, like the idea of booking award flights on any flight.

Cheers
Qantasairways



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