Mar 01, 2017 09:02 AM EST
Qantas reports a decrease in underlying profit, down 7.5 percent compared with the prior corresponding period but above the guidance range provided in October last year. The results reflected the airline's strong performance in a mixed market with its strategy and ongoing transformation that enables delivering value for shareholders while investing for customers.
In a press release statement on Feb. 23, Qantas reported an underlying profit before tax of $852 million and a statutory profit before tax of $715 million for six months ending in December 2016. All subsidiaries of the Qantas Group were profitable in the half due to the impact of its high levels of capacity growth that affects all major airlines. Qantas International significantly achieved higher margins than the industry average.
The Group met all its objectives and delivered a rolling 12-month return on invested capital of 21.7 percent. Further, a $212 million of transformation benefits were reported in the half making it a total of $1.9 billion since 2014. Qantas is on its way to achieving $2.1 billion by June 2017. "Our transformation program has built a strong, sustainable business that generates returns throughout the economic cycle," Qantas CEO Alan Joyce said. "Our focus is to stay disciplined on capacity, keep downward pressure on costs, and introduce game-changing improvements like the Dreamliner and high-speed Wi-Fi."
Joyce believes that Qantas Groups' domestic operations sets them apart from its competitors, in addition to overcoming pressure from the international market's capacity growth and lower fares and the dedication of its people. Qantas' transformation program has been characterized by disciplined capital investment that focused on creating a world-class experience for customers while maintaining its competitive edge.
Qantas will soon open new lounges in Brisbane Domestic and London Heathrow as well as entry into service of Qantas Boeing 787-9 Dreamliner. It also revealed the Premium Economy experience for the Dreamliner and confirmed successful test flights done during February. This means that Qantas will soon operate its first commercial service with free Wi-Fi in the next weeks to come.
Visa Inc and Mastercard Inc, the two biggest U.S. card networks, are preparing to raise certain fees levied on U.S. merchants for processing transactions from this April, the Wall Street Journal reported on Friday, citing people familiar with the matter.
People who travel for business two weeks or more a month report more symptoms of anxiety and depression and are more likely to smoke, be sedentary and report trouble sleeping than those who travel one to six nights a month, according to a latest study conducted by researchers at Columbia University's Mailman School of Public Health and City University of New York.
President Trump said Friday he is declaring a national emergency on the southern border, tapping into executive powers in a bid to divert billions toward construction of a wall even as he plans to sign a funding package that includes just $1.4 billion for border security.
Amazon's decision to abandon plans to build a new campus in Long Island City, Queens, has drawn cheers from several politicians, community organizers and other locals opposed to the expansion.
Whether the presence of a college or hospital increases a home's value has to do with the institution's size and the ZIP code's population, says a new study by computer scientists at the University of California, Riverside.
In recent decades, Europe has experienced a downward trend in the annual number of deaths. Not only was this trend not arrested by the economic recession that started in 2008, in fact, the rate of decline increased during the recession years.
Discovering that your new designer handbag or gold watch is a fake is costly and annoying, and counterfeit medical devices or drugs could have even more serious consequences. But seemingly as soon as manufacturers develop a new method to ensure product authenticity, counterfeiters find a way to outsmart it. Now, researchers have created an "unclonable" tag that can never be replicated, even by the manufacturer. They report their results in ACS Applied Materials & Interfaces.
The traditional model for setting auto insurance premiums has been to base rates on the motorist's driving history, age, gender and even marital status (in some states). Thanks to new technological options, insurance companies, and motorists have started to work together to give the insurance companies access to better data on an individual driver's risk level, and give the same driver a sense of greater control over how much he or she will pay in insurance premiums.
Consumer brands have long used old-fashioned focus groups, interviews and surveys to best gauge consumer wants, desires and needs as part of processes that range from product development, to marketing and sales. As machine learning and artificial intelligence (AI) have emerged, there is an increasing interest in the ability to harness these solutions to save time and money, and to yield more reliable consumer insights.