Qantas Airways Limited (QAN.AX)
- Reuters
UPDATE 3-Australia's Qantas to suspend Shanghai flights on low demand
Qantas Airways said on Tuesday it will suspend flights to Shanghai starting on July 28, citing low demand, nine months after the Australian flag carrier resumed service from Sydney on hopes of a travel rebound following the pandemic. International flight numbers to and from China are about 70% of pre-pandemic levels and have been slower to recover than in other markets because of fewer tourists and a domestic economic slowdown. Qantas aircraft on the Shanghai route will be redirected to other destinations across Asia with higher demand or new tourism opportunities, the company said.
- Associated Press Finance
Qantas agrees to pay $79 million in compensation and a fine for selling seats on canceled flights
Qantas Airways agreed to pay 120 million Australian dollars ($79 million) in compensation and a fine for selling tickets on thousands of cancelled flights, the airline and Australia’s consumer watchdog said on Monday. The Australian Competition and Consumer Commission sued the Sydney-based airline in the Federal Court last year. The commission alleged that Qantas engaged in false, misleading or deceptive conduct by advertising tickets for more than 8,000 flights from May 2021 through to July 2022 that had already been canceled.
- Bloomberg
Qantas Settles ‘Ghost Flight’ Lawsuit as Cleanup Costs Mount
(Bloomberg) -- Qantas Airways Ltd. will pay a A$100 million ($66 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as Chief Executive Officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallFr
