Qantas to expand international unit after Joyce’s turnaround
Qantas Airways plans to expand its international business after a 3-year restructuring effort by CE Alan Joyce helped deliver record profits for the carrier. The division, which was losing money before the turnaround, is now in a position to grow, Joyce, said Thursday. Under Joyce, the carrier ditched many unprofitable long-haul flights in favour of alliances with Emirates, China Eastern Airlines and American Airlines. With the turnaround yielding profits and the airline reinstating dividends, Qantas is gradually expanding its international business. Revenue from the division increased in each of the past 2 fiscal years, accounting for 29% of the total. “We’re obviously going to be gingerly about how we go about re-growing the international business,” said Joyce. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-27/oneworld/qantas-to-expand-international-unit-after-joyce2019s-turnaround
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Qantas to expand international unit after Joyce’s turnaround
Qantas Airways plans to expand its international business after a 3-year restructuring effort by CE Alan Joyce helped deliver record profits for the carrier. The division, which was losing money before the turnaround, is now in a position to grow, Joyce, said Thursday. Under Joyce, the carrier ditched many unprofitable long-haul flights in favour of alliances with Emirates, China Eastern Airlines and American Airlines. With the turnaround yielding profits and the airline reinstating dividends, Qantas is gradually expanding its international business. Revenue from the division increased in each of the past 2 fiscal years, accounting for 29% of the total. “We’re obviously going to be gingerly about how we go about re-growing the international business,” said Joyce. <br/>
