ASX Announcements
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AXX:QANagrees to$20m payments,$100m penalty subject to court
Company Administration - Other
- May 6, 2024
- 3 pages
This Month
Qantas must atone for all old baggage
Readers’ letters on the Qantas settlement; franking credits for retirees; the Coalition push for nuclear power; and Israel’s closure of Al Jazeera.
Vanessa Hudson’s ACCC settlement is six months too late
Vanessa Hudson could have made settling the ACCC case a hallmark of her regime. Nine months after her elevation, it’s a little late for that.
- Myriam Robin
- Opinion
- The AFR View
Why didn’t ACCC litigate Qantas?
Is what might be seen as regulatory brand ransom to force companies to admit to lesser charges and avoid the need to litigate, the way the watchdog should seek to uphold Australia’s consumer protection and competition law?
- The AFR View
- Opinion
- Aviation
Qantas’ Hudson takes the chance to shed some Joyce baggage
Vanessa Hudson has finally accepted reality by making a deal with the competition watchdog over ghost flights.
- Jennifer Hewett
- Updated
- Aviation
Qantas pays $120m to settle ghost flights case
Customers on cancelled flights will receive up to $450 in compensation after the airline admitted it misled travellers and agreed to pay $120 million to settle.
- Updated
- Ayesha de Kretser and Lucas Baird
Qantas’ $120m settlement; Westpac pays dividend; Optus gets new CEO
Read everything that’s happened in the news so far today.
- Opinion
- Chanticleer
Admitting Qantas’ ‘ghost flight’ misconduct is a win for Hudson
Qantas CEO Vanessa Hudson has taken the pragmatic approach of fessing up to the ACCC and ending the so-called ‘ghost flights’ case. It’s another step in her rebuild.
- James Thomson
Animus Rex: airline’s extraordinary threat to ground a local mayor
King Island mayor Marcus Blackie has been threatened with a Rex blacklisting after he accused the airline of price-gouging.
- Myriam Robin
Qantas Super puts $200m into farms backed by Costa family
The superannuation fund will invest most of the money in two horticultural aggregations that will be expanded by Costa family-backed investment manager goFARM.
- Larry Schlesinger
ASX drops 1pc; $200m home goes on sale; What Star CEO sacking reveals
Read everything that’s happened in the news so far today.
Qantas says app now stable, still investigating malfunction
The Flying Kangaroo is investigating a system malfunction that gives passengers access to other Qantas customers’ data.
- Ayesha de Kretser
April
Qantas, Virgin flight delays are starting to ease
The latest official figures show the best on-time performance among major airlines since the easing of travel restrictions introduced in the COVID-19 pandemic.
- Ayesha de Kretser
Richard Goyder’s legacy is tarnished by his two biggest mistakes
Readers’ letters on how the Qantas chairman failed passengers; holes in the argument of a made in Australia champion; US aid’s boost to Ukraine; the real value of Anzac Day; and a Bondi victim’s service to humanity.
This airline has a rewards seat to Europe every day in July
Qantas has a frequent flyer program competitor nagging at its heels, with Aussies signing up to Virgin Australia’s Velocity in droves.
- Ayesha de Kretser
- Opinion
- Australian economy
Goyder’s fight at Woodside highlights question of shareholder voice
Activist battles largely take place between big asset managers and their proxy advisers. Is it time their retail investors got more of a say in what they do?
- Jonathan Wenig
Air New Zealand downgrades earnings, again
The Kiwi carrier is battling headwinds, including weak domestic demand, increased international competition, higher costs and plane delays.
- Updated
- Ayesha de Kretser
- Exclusive
- Aviation
Make green fuel the new hydrogen, airlines and airports urge Labor
Qantas and Virgin are among those lobbing the federal government to set aside $2 billion at next month’s federal budget to reduce dependency on fuel imports.
- Ayesha de Kretser
- Exclusive
- Richard Goyder
Richard Goyder counts down the days at Woodside, Qantas and the AFL
The businessman faces a crucial vote at the oil and gas giant’s annual meeting. He’s already planning his exit from the highest-profile boards in the country.
- Patrick Durkin
The country’s busiest airport still hasn’t hit pre-pandemic levels
High airfares and a reluctance by bosses to fork out money for business class seats are hurting demand for domestic flights, says the boss of Sydney Airport.
- Jenny Wiggins
- Analysis
- Governance
A hot tip for CEOs – reputation counts for everything
Woolworths, Qantas and AMP are among once-loved brands that have faced customer ire. Now they’ve added reputation metrics to executive pay calculations.
- Jenny Wiggins
