Posts Tagged ‘Qantas’
Tuesday, June 23rd, 2009
IT Services provider ASG Group (ASZ) is pleased to announce that it has signed a new contract to provide additional IT services to Qantas. The 5 year contract was secured in conjunction with IT consulting company Capiotech and is valued at a total of $13 million.
Under the terms of the contract, ASG and Capiotech will provide application managed services to support the airline’s financial reporting and planning applications. The project will be managed and delivered out of ASG’s Northern Region operation based in Sydney. ASG has worked with Qantas on previous IT projects. In 2006, ASG’s Northern office was contracted to provide IT systems integration and management services to support the airlines’ eQ Finance project.
ASG Chief Officer – Sales & Strategic Operations, Murray Rosa said the joint win was a significant achievement for ASG and its partner Capiotech. “We’re pleased to have signed this contract with our partners Capiotech against very strong competition,” said Mr Rosa. “It is a testament to our service and delivery capability that we have successfully secured repeat business with one of Australia’s national icons.”“After working with Qantas for the past 30 months we’re happy to be selected to work with this customer again,” he said.
www.asggroup.com.au
Tags: ASG Group, ASZ, IT, Qantas
Posted in ASX Company News | No Comments
Wednesday, June 10th, 2009
At the International Air Transport Association annual conference, Qantas CEO Alan Joyce announced Qantas is expecting to save $1 billion in the next financial year, by delaying aircraft deliveries.
Delivery of four A380s, 12 Boeing 737s and now potentially the 787 Dreamliners as well will be deferred, allowing Qantas to save big on capital expenditure.
This saving comes on top of the spoils of a $500 million capital raising.
And while Qantas has been forced to cut back staff and routes in the uncertain economic climate, the Jetstar brand has grown 30% internationally.
ASX Code: QAN
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Tags: Airlines, ASX News, Business News, global economic crisis, Qantas
Posted in ASX Company News | 1 Comment
Thursday, May 28th, 2009
As the government warns of a likely increase in confirmed cases of swine flu, companies and organisations are feeling the impact.
- Qantas and Virgin Blue have quarantined flight attendants who came in direct contact with confirmed swine flu cases
- News Limited is advising any staff returning from overseas to stay away from the office for 48 hours, and then only return after clearance from HR
- The Commonwealth Bank has conducted planning and risk assessment scenarios
- Jetstar has cancelled almost a third of its flights to Japan, as concern for the flu impacts on demand
- A McDonald s outlet in northern Melbourne was closed after a staff member was diagnosed
So while the Prime Minister encourages us all to wash our hands, CIOs are busy dusting off business continuity plans
Tags: Business News, Commonwealth Bank, finance news, Jetstar, mcdonalds, news limited, Qantas, swine flu, Virgin Blue
Posted in ASX Company News | No Comments
Tuesday, April 28th, 2009
Analysts are worrying over the impact a swine flu outbreak is likely to have on an already shaky world economy.
So far, the deadly flu has not reached the pandemic proportions SARS reached in 2003, but some economic impact can already be seen, and analysts are bracing for more damage.
So far
- oil prices have dropped as fears of the flu spreading are causing people to defer air travel, and consequently lowering petroleum demand.
- Qantas shares dropped 5% yesterday, as investor anxiety increased with the new pressure on the travel industry.
- Biota jumped 77% following news of governments around the world stockpiling the company s antiviral drug Relenza, licensed to GlaxoSmithKline in return for a 7% royalty.
Ongoing concerns
- business in the affected countries will suffer due to foreign tourists staying away, and locals staying home and not spending money.
- the Mexican economy, already in a serious recession, could see the flu outbreak shave 0.6% off GDP this year. The figures would be even worse if the crisis worsens and countries issue travel bans and trading blocks.
For more info
Stocks for your watchlist
- Qantas: QAN.AX (ASX)
- Biota: BTA.AX (ASX)
Tags: biota swine flu, BTA, oil price, QAN, Qantas, relenza, swine flu, world economy
Posted in ASX Company News | No Comments
Wednesday, March 4th, 2009
Qantas (QAN) announced on the 04/02/2009 that they would be conducting a Share Purchase Plan to raise additional capital. The record date is 03/02/2009 on which shareholders must own the share to participate in the SPP. Shares are expected to commence trading on 18/03/2009. A maximum of $10,000 can be purchased by each shareholder at a price of $1.850.
Discount : -18.2% Liquidity : Good Profitability : Good Stability : Good
http://www.qantas.com
* Note: Discount is based on the closing price on the 27 February 2009.
Tags: Placement, QAN, Qantas, Share Purchase Plan, SPP
Posted in Share Purchase Plan (SPP) | 1 Comment
Thursday, February 5th, 2009
Qantas announced a profit before tax of $288 million for the half-year to 31 December 2008, a 68.2 % decrease on the prior comparative period and reaffirmed its full year profit before tax (PBT) outlook of around $500 million for the 12 months to 30 June 2009.
Qantas Airlines was affected by a downturn in premium and international travel, with a decline in passenger revenue, and the impact of industrial disruption, but nevertheless produced a $199 million profit.
Jetstar continued to expand its network in Australia and internationally, increasing overall capacity by 13.4 percent. Jetstar produced a $72 million profit.
http://www.qantas.com.au/info/about/investors/index
Tags: Jetstar, Profit, QAN, Qantas
Posted in ASX Company News | No Comments
Thursday, February 5th, 2009
Qantas has today announced that it launched a capital raising comprising an underwritten institutional placement of A$500 million and a non-underwritten share purchase plan (SPP) enabling eligible shareholders to subscribe for up to A$10,000 of ordinary shares.
The equity capital raising is being undertaken to enhance financial flexibility and support the fleet renewal program, increase the diversity of funding, reduce net debt and support Qantas’ investment grade credit rating.
Under the share purchase plan each eligible shareholder can purchase new Qantas shares up to a maximum of A$10,000. The offer will be open from 18 February 2009 to 11 March 2009 and the price will be determined as the lower of the five day volume weighted average trading price prior to and including the closing date of 11 March 2009 or the final institutional placement price. Participation in the share purchase plan will be limited to shareholders resident in Australia or New Zealand.
At this time it is anticipated that the trading halt currently in place will be lifted at the commencement of trading on 5 February 2009, pending successful completion of the placement.
http://www.qantas.com.au/info/about/investors/index
Tags: capital raising, Institutional Placement, QAN, Qantas, Share Purchase Plan, SPP, Trading Halt
Posted in ASX Company News | No Comments
Wednesday, February 4th, 2009
After a price query from the ASX was received Qantas requested that their shares were placed in a trading halt until they could make an announcement regarding their funding structure. The share price in Qantas dropped sharply from $2.43 to $2.29 prior to the trading halt being announced.
Qantas has recently reported traffic figures showing a slight decline in travel and announced they would remove the fuel surcharge that is applied to domestic air tickets. This is part of their response to lower oil prices and increased competition for fewer travelers as the global recession rolls on.
http://www.qantas.com.au/info/about/investors/index
Tags: Funding, Qantas, Trading Halt
Posted in ASX Company News | No Comments
Friday, January 9th, 2009
It looks like several major Australian companies may be caught in the fallout of India s Satyam Computer scandal.
Telstra, Qantas, Coles, NAB and Suncorp are among many local companies which may be adversely affected by the fraud which is being referred to as India s Enron .
The Age is quoting a Qantas spokesman as describing any risk to business as manageable , while The Australian believes the affected companies have vowed to take action .
The future of a $75 million software laboratory at Deakin University s Geelong campus is also uncertain, as are 2000 jobs which the eight-year project has created.
Stocks for your watchlist:
TLS: Telstra
QAN: Qantas
NAB: National Australia Bank
SUN: Suncorp Metway
Further Information:
http://www.theaustralian.news.com.au/business/story/0,28124,24889073-643,00.html
http://business.theage.com.au/business/world-business/qantas-dodges-indian-software-scam-20090107-7bx4.html
http://www.news.com.au/heraldsun/story/0,21985,24889172-664,00.html
http://www.abc.net.au/news/stories/2009/01/08/2461447.htm
Reuters News Feed through Market Analyser
Tags: Coles, NAB, Qantas, Satyam, Suncorp, Telstra
Posted in ASX Company News | No Comments
