Qantas posts huge profits thanks to lax government, no competition

Someone’s pressure from corporate shareholders in recent weeks tin The financial and reputation disasters of the airline company have been ignored by the company’s board so far, because the airline has published its second highest profit In the registration, it increased by 28% compared to last year to $ 1.605 billion.

This is an illegal compensation to dismiss 1,820 baggage processors and ground employees illegally and a financially $ 210 million fine, a data violation that steals the personal information of 5.7 million customers and a shame rafit on the first four A321xR plane, extra toilet (misleaded cost saving measure).

Group revenue increased by 8.6% to $ 23.8 billion, and combined home operations anchoring results, interest and tax (EBIT) (12% increase) tax (EBIT) earned. A strong increase in Jetstar, Ebit rose to $ 769 million and a solid time demand and minimum competition continued. Loyalty added $ 556 million ebit, an increase of 11%, while the International fell by 7% of $ 596 million. Qantas does not get rid of the snow according to division.

Support the result Disappeared rivaln, higher wages, new aircraft order, lower fuel prices and a deliberate capacity compression caused by serial delays in order of continuous aggressive industrial relations policy order. It should also be noted that Qantas received approximately $ 2.5 billion subsidies from Australian taxpayers during Covid. The Albanian government said He didn’t have to pay back.

Not to promise to the staff

He said in Vanessa Hudson, the President of the optimistic comment. HE: “I would like to thank our customers with passion every day. They offer a new employee share plan to share our real stars and success.”

Nevertheless, trade unions and pilots underestimate it. Most of the Qantas personnel (26,000), including the cabin team, will continue every year depending on the financial situation of the company. This is not much than payments made to three old senior executives with a total payment of $ 26 million, 20.7 million dollars in the 2024 financial year. This fell from $ 35.5 million in the previous year due to the placement bonuses of the board of directors and the departure of Alan Joyce. Mayor John Mullen may rise again this year unless the annual report does more processes before the publication is published in the coming months.

“For employees, one -time stocks for employees will not go forward enough to solve important problems for workers in the Qantas supply chain,” the National Secretary of Transportation Workers’ Association said. Crirase.

“In addition to excluding many outsourcing and workers recruitment workers that Qantas tries to avoid responsibility, the announcement still does not move away from the hostile approach in which the airline still negotiates with the labor force to keep wages and conditions low.”

27 August Note to Pilots About the ongoing negotiations from the Australian and International Pilots Association-Ana Qantas Master Pilots Association-long distance pilots CriraseThe members said: “After the 18-month bargaining, the inadequate to give a result of the contribution of long-distance pilots by the Qantas administration is disappointing. Last week, two options were presented-neither acceptable, nor does not deal with these basic issues.

…… After illegal IRS practices, less than sincere apologies and public relations campaigns – approach to employee relations continues to remain satisfactory and operational as usual. When it comes to dealing with pilots, the company still prefers brinkship on the partnership ”.

In a change from shareholders with larger capital returns, the airline announced a total of 400 million dollars with a total of 400 million dollars and a total of 9.9 cents – a total of 9.9 cents of 9.9 cents.

Data violations are barely mentioned on the dozens of pages published on the Australian Stock Exchange. Recently, the information commissioner Corporate Proceedings For a similar violation in 2022, with potential fines against Optus for billions of dollars.

Snow rises when the competition dies

The reasons for Qantas’s buffer profit have been clearly demonstrated in the Australian Competition and the Consumer Commission (ACCC). May Three Months Report in the sector. He said that the financial gains made by Qantas and Virgin were largely caused by ör strong demand for flying and minimum competition ör from domestic airlines.

Accc commissioner Anna Brakey emphasized the big market share organized by Qantas and Jetstar, and the comments that come into resonance with the results of the whole year: “The high -time earnings reported by the Qantas Group, Qantas and Jetstar, constitute more than 60% of passengers.

“Jetstar was able to benefit from another low -cost carrier in the domestic market to increase competition pressure in the domestic market to increase the market share and business margin.”

This continued to manage a second year, rather than the Albanian Government to benefit from the $ 120 million investment in the regional carrier Rex. Crirase He understands that the government has so far rejected offers for state -based slices.

Accccc emphasized that regional markets are highly concentrated and that limited carrier options are vulnerable to wage increases and service reduction. Qantaslink and Virgin Australian Regional Airlines control the largest regional routes together, while the rex is the only independent contestant of the scale. The report said that Qantaslink is the only operator on the way to many regional trunks and provided significant pricing power. Approximately 10% of domestic traffic is blown on routes with only one airline.

The surveillance warned that this concentration was especially acute outside the eastern coast triangle, and in 2025 there was no new participants such as Bonza, which has previously collapsed, further reduced the pressure on the officials.

“Jetstar was able to benefit from another low -cost carrier in the domestic market to increase competitive pressure in the domestic market to increase market share and business margin” in question.

Without a stronger competition, the ACC warned that small communities reduce both higher prices and reliability and strengthen the need for continuous monitoring of regional aviation markets.

Hudson seems to be strengthened by Sunrise A350-1000ulr planes to enter the last assembly line in the coming months-direct flights to London and New York from the east coast of Avustralya. Qantas confirmed this will order 16 of them will have false business seats and designed for intercontinental travel, 20 Darbodia A321xlrs. They will be used to retire the B737 fleet.

The company provided a pink appearance for the coming year, where it will increase the capacity by 5% and return to 100% domestic and international capacity. Investors responded to the company’s stocks for the first time by closing the $ 12 and closing the $ 9.5% at $ 12.12.

In the meantime, there are very few signs that the Australians will see any similarity of competition at home, and the government has started to create an automatic compensation plan for delays and cancellations – maybe the influence of the President’s hall? This is not good for airline prices, ongoing cancellations or the quality of flight service from Qantas.