Qantas Earnings Decline 7.5% on Fare Competition

The video discusses Qantas' financial performance amidst increased competition in the international market. Despite a 7.5% drop in profits, the results were within expectations. CEO Alan Joyce highlighted strategic moves like cutting unprofitable routes and reinstating key links, such as Sydney to Beijing. Qantas also announced a dividend for the first time since 2009, reflecting a positive market response with shares rising over 5%.

What was a significant factor contributing to the drop in Qantas's profit?

• Increased competition on international routes

• Higher fuel costs

• Decrease in domestic travel

• New aircraft purchases

What strategic move did Qantas make to address competition?

• Launched a new advertising campaign

• Increased ticket prices

• Reinstated a direct link between Sydney and Beijing

• Introduced new domestic routes

What is part of Qantas's three-year transformation program?

• Expanding into new markets

• Hiring more staff

• Delivering a dividend to shareholders

• Reducing the number of flights

Since when had Qantas shareholders not received a dividend before the recent change?

• 2010

• 2015

• 2009

• 2012

How did the market react to Qantas's recent financial strategies?

• Positively, with a rise in share prices

• Negatively, with a drop in share prices

• Cautiously, with a slight decrease in share prices

• Indifferently, with no change in share prices