A Decline in Revenue at Quantas

According to source 3, in 2013/14 Qantas reported a PBT loss of $252 million dollars and lost a further $235 million dollar after tax. Alan Joyce explained in source 3 that Australia has been hit with a giant wave of international airline capacity with a 46% increase in competitor capacity since 2009. Three main competition was Virgin Australia as they were trying to expand their fleet during that year, so Qantas lost some customers who went to fly with Virgin instead. This could possibly have to do with the Malaysian airline plane MH370 which went missing. Passengers could have been fearful to fly with any airline after what happened with that

This report is a financial analysis of Qantas Airways Australian covering the last two complete financial years 2015 to 2016. The analysis will be conducted using a series of financial ratios drawn from the main categories of liquidity, profitability, and capital structure and market performance. The report will highlight what the ratios indicate in the context of the company’s operations. The report will endeavour to provide an overall assessment of the company’s performance for the most recent period and discussion about which aspect of the company’s financials has demonstrated the most improvement. The report recommendations will be supported by comparisons

1) Qantas Airways Limited is the national airline of Australia, it is also the largest airline in Australia. The Qantas Group’s principal business is providing domestic and international air transport services for passengers. Additionally, Qantas owns several subsidiary companies such as Jetstar and QantasLink that also operates flights to domestic and international locations, and Q Catering, a premium full service flight caterer.

Qantas is Australia’s largest domestic and international airline. Although Qantas is primarily a passenger airline, air freight is also an integral part of its core business. Other Qantas operations include catering, tourism and E-commerce devoted to transport and travel. In order to have an effective business and operations process, a company, like Qantas must be aware of the influences that can affect it. By being aware of the influences it enables the business to make decision and choices that can get the most out of each influence, by doing this it can assist the business in its endeavours for success.

Qantas’ financial performance has been very successful in recent years with the business recovering strongly from GFC and a large decrease in revenue to ear 377 million in 2010. The effective financial performance has been the result of effective profitability, liquidity, efficiency, return on capital, good solvency and growth including the establishment of a new airline (jet star).

Qantas is the oldest airline in the English speaking world. It was founded by the three aviation pioneers Hudson Fysh, Paul McGinness and Fergus McMaster as the Queensland and Northern Territory Aerial Service in 1920 and has grown from one aircraft which offered air taxi services and joyrides to a

“With QantasLink recently being named the world’s best regional airline by Air Transport World and Network

At the moment Australian passenger airline industry is dominated by thee large domestic carriers: Quantas, Jetstar and Virgin Blue.

Qantas is one of the most recognised and longest running Australian companies. It is the world’s second oldest airline, and has a successful history to uphold (Qantas Web Site, 2008).

Qantas is one of the major companies in Australia, and also is an important part of the airline global industry. However, this report suggest that, it is not an appropriate time to invest in this company, because the company is going through financial

Over the next 5 years, to ensure that it is the best for global travelers, HR will have to make sure that Qantas earns back its creditability in the same manner that it established it in the first place; with first-rate service and impeccable safety measures. Thus HR must select the best applicants to reinstate itself as the best airline. To do so HR will use many methods to screen applicants; Interviews, behaviour tests and aptitude tests, to ensure that their applicants are all job-ready. Building rapport with the Australian public can also be done through Equal Opportunity, building a multicultural, unbigoted staff that reflects the true fabric of Australian multiculturalism. This will appear favourably in the public’s eye, which values a ‘fair go’ for all Australians.

Reviewing the Qantas Board charter against ASX (2014) recommendations 1.4, 2.1, 2.4, 2.5, 4.1, 7.1, 7.2, 7.3, 8.1 the constitution is very clear particularly around the independence of the board and the composition of the role of Chairman and CEO as well as the committees under the board’s guidance. The board has structured itself to meet the requirements of the ASX (2014), in addition

Qantas Airways, an airline national Australian created in 1920 is the world organization of the second oldest airline headed toward a century of age in 2020 (Harcourt, 2004

Qantas is one of the oldest airlines in the world and Australia 's largest airline. Qantas was founded in Winton, Queensland on November 16, 1920 for the Queensland and Northern Territory Air Services Limited. Qantas first aircraft is Avro 504 K. The airlines fly international from May 1935, when it begins service in Darwin, Northern Territory Singapore. In fact, Empire Airlines still provides to London flight service. In 1938, the airline began using airships to serve S.23 Empire, as from Sydney to Southampton route takes nine days, so that passengers need in the middle of the hotel overnight. “From 1938 to 1945 the World War II period, the Australian government sent Empire Airlines flight squadron, there are a lot of planes crashed in flight. From 1934 to 1944, Empire Airlines offer from Perth to Sri Lanka 's non-stop service throughout the flight over 24 hours, maintaining radio silence.” According to (Qantase, 2014)

Qantas is established in the Queensland outback in 1920 and after that it has become biggest domestic and international airline and strong brand in the Australia. It is enrolled as the Queensland and Northern Territory Aerial Services Limited (QANTAS) and the group two airlines brands are Qantas and Jetstar those provides transportation services of the customers. Qantas created its strong brand reputation through deliver safe and secure services, focus on customer services, maintain reliability of operations and focus on maintenance, engineering and technology (Qantas Airways Limited, 2014). Quanta main business aims or objectives are: