Qantas 2025 AGM

[RooFlyer]

Market update:

https://www.qantasnewsroom.com.au/media-releases/qantas-group-market-update-november-2025/

New Director from March next year

https://www.qantasnewsroom.com.au/media-releases/qantas-group-appoints-new-director/

Alison Watkins. Current RBA (will retire prior to QF), ex Wesfarmers and other Boards. Current Chancellor of UTAS (!)

FinReview

Qantas says corporate travel weaker in some areas as it cuts capacity

Qantas says non-mining companies are flying less than it had hoped, reducing its demand outlook to the bottom end of guidance given just three months ago.

Qantas shares soared to more than $12 in late August after it told investors revenue would grow at 3 to 5 per cent in the first half to December 31 on the back of strong demand. But it is now expecting only 3 per cent revenue growth, as the banking sector culls staff. ANZ announced plans to slash 3500 jobs while Westpac said 1500 roles would be shed.

“Corporate travel continued to grow, although less than previously forecast,” chief executive Vanessa Hudson said in an address to the company’s annual general meeting. “We are adjusting domestic capacity in the second half to match the demand profile we are seeing.”

Qantas is expected to cut capacity by 1 per cent in the second half to maintain its flying margins.

And of course the announcement of the Economy + on the same day. . I think last year it was a DSC diversion, wasn't it?

 

[moa999]

Alison Watkins. Current RBA (will retire prior to QF), ex Wesfarmers and other Boards. Current Chancellor of UTAS (!

Presumably replacing Belinda Hutchinson who was announced recently as retiring in due course and a former Chancellor of USyd.