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Qantas will and the united Arab emirates airline a
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The 2012-9-6 13:33:00 sina finance and economics
Introduction: Beijing time on September 6th morning news, as dispatches from foreign news agencies report, troubled Australian airlines has agreed to and the united Arab emirates airlines form 10-year alliance, this is the pistol loss-making international business key step.
Beijing time on September 6th morning news, as dispatches from foreign news agencies report, troubled Australian airlines has agreed to and the united Arab emirates airlines form 10-year alliance, this is the pistol loss-making international business key step.
According to Reuters, qantas plan since 2013 to dubai to replace Singapore become its European airline hub, will also be published today in accordance with the cooperation agreement with the united Arab emirates airline common coordination pricing, sales and voyage arrangement. Qantas will also be terminated and British airways relations of cooperation.
Qantas CEO load think said: "the main purpose is to let qantas international business stronger, more energy, help its regain profitability. The cooperation will help us achieve this point."
Load think says in fiscal 2015 qantas will be dedicated to the international business to achieve the goal of profit and loss balance. Analysts evaluation, the cooperation will each year for qantas save $90 million - $100 million pre-tax profits, but load think declined to comment or provide company oneself to the expected cost savings.
The long-awaited cooperation by investors great demand, qantas share price today early dish in trading, or more than 6%.
Through the cooperation, qantas will cut loss international routes, focus on profitable domestic business and cheap airline business, at the same time help emirates with o carry ha DE airlines and Qatar airlines these ABU dhabi major state-owned rivals.
Qantas and the united Arab emirates the cooperation than direct code sharing agreement more depth, according to general code sharing agreement, airlines only share part of the flight, but does not include global revenue sharing agreement or to the other side of the equity investment.
For consumers speaking, benefits include frequent flier award scheme.