Qantas Airways
Ms. Vanessa Hudson (Chief Financial Officer)
Ms. Olivia Wirth (Chief Exec. Officer of Qantas Loyalty)
Summary
Qantas Airways Limited provides air transportation services in Australia and internationally. The company operates through Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty segments. It offers passenger flying, and air cargo and express freight services; and customer loyalty recognition programs. As of June 30, 2022, the company operated a fleet of 322 aircraft under the Qantas and Jetstar brands. Qantas Airways Limited was founded in 1920 and is based in Mascot, Australia.
History
Qantas was founded in Winton, Queensland on 16 November 1920 by Hudson Fysh, Paul McGinness and Fergus McMaster as Queensland and Northern Territory Aerial Services Limited. The airline's first aircraft was an Avro 504K. It moved its headquarters to Longreach, Queensland in 1921 and Brisbane, Queensland in 1930.
QEA era
In 1934, QANTAS and Britain's Imperial Airways formed a new company, Qantas Empire Airways Limited . The new airline commenced operations in December 1934, flying between Brisbane and Darwin. QEA flew internationally from May 1935, when the service from Darwin was extended to Singapore . When World War II began, enemy action and accidents destroyed half of the fleet of ten, and most of the fleet was taken over by the Australian government for war service.Flying boat services were resumed in 1943, with flights between the Swan River at Crawley in Perth, Western Australia and Koggala Lake in Ceylon . This linked up with the British Overseas Airways Corporation service to London. Qantas' kangaroo logo was first used on the "Kangaroo Route", begun in 1944, from Sydney to Karachi, where BOAC crews took over for the rest of the journey to the UK.In 1947, QEA was nationalised by the Australian government led by Labor Prime Minister Ben Chifley. QANTAS Limited was then wound up. After nationalisation, Qantas' remaining domestic network, in Queensland, was transferred to the also nationally owned Trans-Australia Airlines, leaving Qantas with a purely international network. Shortly after nationalisation, QEA began its first services outside the British Empire, to Tokyo. Services to Hong Kong began around the same time. In 1957 a head office, Qantas House, opened in Sydney.
Jet age
In June 1959, Qantas entered the jet age when the first Boeing 707–138 was delivered. On 14 September 1992 , Qantas merged with nationally owned domestic airline Australian Airlines . The airline started to be rebranded as Qantas in the following year. Qantas was gradually privatised between 1993 and 1997. Under legislation passed to allow the privatisation, Qantas must be at least 51% owned by Australian shareholders.
Oneworld and Jetstar
In 1998, Qantas co-founded the Oneworld alliance with American Airlines, British Airways, Canadian Airlines, and Cathay Pacific, with other airlines joining subsequently.
With the entry of new discount airline Virgin Blue into the domestic market in 2000, Qantas' market share fell. Qantas created the budget Jetstar in 2001 to compete. The main domestic competitor to Qantas, Ansett Australia, collapsed on 14 September 2001. Market share for Qantas immediately neared 90%, but competition with Virgin increased as it expanded; the market share of the Qantas Group eventually settled at a relatively stable position of about 65%, with 30% for Virgin and other regional airlines accounting for the rest of the market.
2001–2019 developments
Qantas briefly revived the Australian Airlines name for a short-lived international budget airline between 2002 and 2006, but this subsidiary was shut down in favour of expanding Jetstar internationally, including to New Zealand. In 2004, the Qantas group expanded into the Asian budget airline market with Jetstar Asia Airways, in which Qantas owns a minority stake. A similar model was used for the investment into Jetstar Pacific, headquartered in Vietnam, in 2007, and Jetstar Japan, launched in 2012.
In December 2006, Qantas was the subject of a failed bid from a consortium calling itself Airline Partners Australia. Merger talks with British Airways in 2008 also did not proceed to an agreement. In 2011, industrial relations dispute between Qantas and the Transport Workers Union of Australia resulted in the grounding of all Qantas aircraft and lock-out of the airline's staff for two days.On 25 March 2018, a Qantas Boeing 787 scheduled non-stop commercial flight between Australia and Europe connecting the two continents by air for the first time, with the inaugural arrival in London of Flight 9 . QF9 was a 17-hour, 14,498 km journey from Perth Airport in Western Australia to London Heathrow.On 20 October 2019, Qantas Airways completed the longest commercial flight to date between New York City and Sydney using Boeing 787–9 Dreamliner in 19 hours and 20 minutes.
2020s
On 19 March 2020, Qantas confirmed it would suspend about 60% of domestic flights, put two thirds of its employees on leave, suspend all international flights and ground more than 150 of its aircraft from the end of March until at least 31 May 2020 following expanded government travel restrictions due to the COVID-19 pandemic. To survive the pandemic, Qantas announced that it would be axing 6,000 jobs and announced a plan to raise A$1.9 billion in new capital. Qantas also announced it would be offloading its 30% stake in Jetstar Pacific to Vietnam Airlines, hence retiring the Jetstar brand in Vietnam.Qantas retired its last Boeing 747 in July 2020 after almost 49 years of continuous operation—the first 747 was inducted in August 1971, while all twelve Airbus A380s were placed in storage for a minimum of three years. The pilots of the last Boeing 747 flight to Mojave Desert via Los Angeles traced the shape of the iconic Qantas logo in the flight path before the jet continued on its journey.In November 2020, Qantas announced that the company will ask for proof of COVID-19 vaccination from international travelers. According to Alan Joyce, the firm's CEO, a coronavirus vaccine would become a "necessity" when travelling, "We are looking at changing our terms and conditions to say for international travellers, we will ask people to have a vaccination before they can get on the aircraft." Qantas also announced that it will cut 2000 jobs trying to limit its financial losses.In August 2021, Qantas announced that it would require all of its 22,000 employees to be fully vaccinated against the virus.In May 2022, Qantas ordered twelve A350-1000 planes from Airbus to be used in non-stop flights from Sydney to London in late 2025. In the same month, Qantas agreed terms to purchase Alliance Airlines. The deal is currently subjected to regulatory and shareholder approval.
In August 2022, Qantas Airways announced plans to compete in June 2023 with Air New Zealand on the non-stop Auckland—New York route, which Qantas would originate in Sydney before converting the flight in 2025 to a non-stop Sydney—New York route as part of Project Sunrise, through which Qantas aims to eliminate the "tyranny of distance" by developing non-stop flight routes connecting Australian cities to New York City, and also to London.
Mission
We've been serving communities for almost 100 years. And we know that our continued success relies on combining day-to-day operational excellence with scanning the horizon.
Vision
We hold ourselves to high standards in everything we do and give others the information to evaluate our performance.
Key Team
Mr. Gareth R. Evans (Chief Exec. Officer of Jetstar Group)
Mr. Andrew Paul David (Chief Exec. Officer of Qantas Domestic & International)
Mr. Robert Marcolina (Group Exec., Strategy, People & Technology)
Filip Kidon (Investor Relations)
Mr. Andrew Parker (Chief Sustainability Officer)
Mr. Andrew John Finch B.Com., L.L.B., L.L.M., M.B.A., B Com, LLB, LLM (H (Group Gen. Counsel, Company Sec. & Group Exec. for Office of the CEO)
Mr. Alan Milne (Head of Fuel & Environment)
References
Ms. Vanessa Hudson (Chief Financial Officer)
Ms. Olivia Wirth (Chief Exec. Officer of Qantas Loyalty)