Qantas Airways
ASX:QAN
Consumers may look past fuel crisis-related price hikes in the short term, but they are unlikely to let businesses off the hook if inflationary pressures persist.
The chief executives of Qantas, Wesfarmers and Endeavour Group fronted investors at the Macquarie Australia Conference as another rate hike loomed large.
The market shrugged off the nation’s carrier’s move to decrease domestic capacity and axe routes, but it may still pay the price for the ongoing spike in fuel costs.
Australia’s most popular airline could face an earnings hit of nearly 2% as a direct result of the Reserve Bank’s overhaul of the way payment fees and surcharges work.
The airline became the first major Australian company to act decisively in response to higher fuel costs from the Iran crisis. And investors cheered the move.
Australia’s flagship carrier is pushing ahead with ambitious plans to grow its workforce. But its corporate teams may be exposed to its CEO’s hunt for efficiencies.
Shareholders gushed over Qantas CEO Vanessa Hudson at today’s AGM, as optimism from a new Project Sunrise teaser outshone a lacklustre trading update.
One proxy adviser is recommending shareholders vote against the carrier's remuneration report, which would result in a strike on pay.
Compared with the Optus and Medibank hacks, the response to the Qantas breach looks subdued. CEO Vanessa Hudson is surely relieved it wasn’t worse.
The prime minister’s slow, often rambling denials over the Qantas upgrades scandal have some Labor MPs worried — particularly those in marginal seats.
Some MPs are calling for a sweeping look at lobbying amid allegations Anthony Albanese accepted free Qantas upgrades while overseeing the airline as transport minister.
Prime Minister Anthony Albanese is under growing pressure over revelations he received multiple free upgrades to Qantas flights while he was tasked with regulating the aviation sector.
It’s not just politicians. Senior regulators with oversight of Qantas are also members of its exclusive Chairman’s Lounge.
