Qantas throttles back on Asia expansion
Qantas has put plans for a premium carrier based in Asia on the back burner.
Speaking in Berlin, CEO Alan Joyce said he did not expect progress on the proposed airline for “a year or two or three” after the carrier failed to secure a deal to build a hub in Asia.
“We are still in dialogue with both the Singaporeans and Malaysians but nothing is happening in the short term,” Joyce said in a Berlin interview, reported by Bloomberg. “It’s more of a long-term issue.”
Talks with Malaysia Airlines collapsed after the companies couldn’t agree on the commercial terms.
“The Asian carrier would have lost money in the first few years of its operation, and the plan was aimed more at recovering market share rather than delivering on current earnings targets,” Joyce said.
“We’ll eventually do it but the time wasn’t right today,” he said.
Malaysia Airlines has its own problems as it tries to bed down a share swap alliance with budget carrier, AirAsia.
Last week, MAS chairman Tan Sri Md Nor Yusof said the airline was “ a very sick patient” which needed to be restructured.
Ian Jarrett
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025