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Australia shares flat in choppy trade, Woolworths, Virgin Australia fall ET

Australian shares were mostly flat in choppy trade on Friday, underpinned by the S&P 500 stock index closing at record highs overnight.



The secret of Indigo’s consistent profits ET

How does the airline turn in profits year after year in one of the world’s toughest markets where competitors are struggling?

Qantas posts $211 million half-year loss, cuts 5,000 jobs ET

Qantas Airways Ltd posted a first-half loss of 235 million Australian dollars ($211 million) amid tougher competition and announced plans to cut 5,000 jobs.

In nosedive, Qantas CEO Alan Joyce may find path to safety ET


Qantas unable to justify 5,000 job losses: Unions ET

Union leaders said Qantas boss Alan Joyce could not justify why he needs to cut 5,000 jobs during crisis talks as carrier stepped up pressure on govt to help stem massive losses.

Australia seeks to relax Qantas Sale Act ET

Australia's government will try to repeal legislation which restricts foreign ownership in the struggling national carrier Qantas, Tony Abbott said.

Qantas may cut 5,000 jobs: Report ET

Australian carrier Qantas said it was committed to slashing costs by 2 billion Australian dollars but refused to confirm or deny a report that it will axe 5,000 jobs.

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Universal Music may divest Virgin Records, mute rights to clinch EMI deal.



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