Qantas Airways

Qantas yields are turning around its decline - with the average air fare price bottoming out last year. However, the Airline's monthly traffic figures show domestic yields for the first seven months of the current financial year are 6 percent less than the rquivalent period last year for Qantas and subsidiary - Jetstar. International yields for the airline group are 20 percent lower compared to last year.

Qantas (QAN) currently has troubles in two areas via two partially owned companies: Jetset Travelworld (JET) and Air Pacific. Qantas owns 46 percent of Air Pacific while they own 58 percent of JET after a merger of Qantas Holidays and Qantas Business Travel with Jetset which created Australia's largest listed travel agency franchise.

Renowned domestic and global air transportation service provider Qantas Airways (QAN) has denied the claims presented by the union that a number of female employees were sacked by the company due to gender biasness. According to the Union, as many as fourteen female workers lost their jobs in the last month that were replaced by male workers who were able to double as the baggage handlers.

Primary Health Care (PRY), one of the leading Australian companies in the healthcare sector that offers medical and healthcare services in different parts of the country was the worst performer in the ASX100 list for the week (market capitalisation $1916 million). The company lost 16.2 percent or 89 cents to its stock price and was closed for the week at $4.59.

Qantas Airways (QAN), a worldwide known air transportation service provider that offers its service in both the local and international market have ended its link with Association of Asia Pacific Airlines (AAPA) by canceling its membership from that organization. It is to be mentioned that Qantas remained as the member of AAPA for 40 years.

In an attempt to shore up margins and give a boost to profitability, Qantas Airways (QAN), is planning to spend as much as $4.4 billion over the next two years. This includes the amount that the airline is willing to spend to buy 43 aircrafts including eight Airbus SAS A380s. Qantas will spend about $1.7 billion in the 2010 financial year and $2.7 billion more in the following year.

Australia based Qantas Airways (QAN) has claimed that the industrial action staged by the engineers of the airline will not lead to grounding aircrafts as out of hours call-outs and a ban on over time will be made effective today. The professional engineers of the airline are going to stage industrial action as they claimed that the working condition may put the operation of Qantas under threat.

Chairman of Qantas Airways (QAN) Leigh Clifford and his board were rebuked by the shareholders for the second consecutive year over the issue of executive pay. About 44 percent votes went against the Qantas decision of a huge remuneration for Geoff Dixon, who is the former chief executive of the Airlines. It is to be mentioned that Mr.

Fairfax Media (FXJ), formerly known as the John Fairfax Holdings Ltd is the biggest and leading newspaper publishing group of Australia that focuses in information, entertainment and news publishing along with advertising sales in both print and electronic media was the best performer of the 37th week in ASX100 with a gain of 12.6 percent or 19 cents closing the week at $1.65.