codash1099
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- Aug 2, 2006
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- Qantas
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If you do a google search on the article title, you can often get around such paywalls.If you can read the article in 1.5 seconds then click on the link. Otherwise don't bother. The paywall comes up very quickly.
If you can read the article in 1.5 seconds then click on the link. Otherwise don't bother. The paywall comes up very quickly.
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It took two years to rebuild trust with investors after running into financial turbulence and Qantas chief executive Alan Joyce now has to show that the airline's miraculous turnaround is sustainable. This is difficult in aviation where institutional shareholders have an inherent distrust of airlines and for good reason.
Qantas will post its second-highest annual profit on record next month as the airline hits cruising altitude, with net earnings to remain around the $1 billion mark in coming years. Strategically, it will be a significant year for chief executive Alan Joyce who is in his eighth term as the airline takes delivery of its first 787-9 Dreamliner, the game-changing aircraft which will allow it to fly direct between Australia and Europe for the first time.
There is ongoing speculation that chairman Leigh Clifford will make a decision around stepping down later in the year, with Wesfarmers boss Richard Goyder tipped as a possible replacement. However, it is worth noting there has been talk of Clifford – who has been in the job 10 years – departing for years but it has turned out to be incorrect.