Quickstep Holdings (ASX: QHL) plans to sell its Quickstep Aerospace Services division located in Tullamarine, Victoria, citing ongoing financial challenges and the need to focus on core business areas. Quickstep Aerospace Services (acquired in 2021), provides maintenance, repair, and overhaul services for commercial and defence aircraft. Since its acquisition, QAS has secured several strategic partnerships
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Forging on its expansion into regional Australia (possibly ticking off Rex (ASX: REX) further), national carrier Qantas (ASX: QAN) has announced a new investment into its DeHavilland Dash 8 turboprop fleet. It is part of its ongoing commitment to “keeping regional Australia connected”. The first aircraft will join the Company’s regional brand, QantasLink, by the
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Ending FY23 on a high, Alliance Aviation Services (ASX: AQZ) has reported a statutory profit before tax of $52.2 million, up from a loss of $7.1 million in FY22. Plus, its total revenue from operations stands at $517.2 million, with underlying operating cash flow down to $55.9 million from $91.8 million. Its flight hours have
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Fancy $100 million dollar lounges, free high-speed WiFi, new business class suites—the Qantas Group (ASX: QAN) is flexing every muscle to bring customers back after a three-year lull. It looks like it’s working. Even as airfares have increased by about 20%, people are on a post-Covid travel high, helping Qantas rake in the dough. In
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Australia’s go-to airline, Qantas Airways Ltd (ASX: QAN) has kept investors happy after advertising a bold $150 million profit guidance jump to $1.45 billion, preparing itself for the upcoming holiday season uptick. Sending company shares back to levels that haven’t been seen for over two years, investors have been quite happy with the second upgrade
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Australia’s national carrier Qantas (ASX: QAN) is now spreading its wings again just like it used to in the pre-COVID world, just eight months after the federal government announced Australian borders would reopen in February 2022. Qantas admitted that strong travel demand made it possible for them to recover from the COVID crisis and repair
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