Wednesday 24 February 2016

Qantas buys back shares and introduces WiFi

QANTAS B747-48EVH-OEB (CN 25778)                  File Photo

Just heard on the television that Qantas will buy back $500 million of shares after lower fuel prices, strong demand for international flights and ongoing cost cutting placed the airline on course to report a record full-year profit.
Qantas has recorded its best first-half underlying profit before tax of $921 million, at the upper end of its guidance range, and unveiled a $500 million on-market share buyback program.
Alan Joyce (Qantas CEO) also said they have plans to roll out free high-speed Wi-Fi on all Qantas domestic flights, with trials starting by the end of 2016 using a 737. Passengers will be asked at the end of the flight to complete a small questionnaire and if things like 'people where using skype' and it was annoying kept coming up then skype would be blocked.

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