Qantas Airways (QAN)

Shares / Stock Code

QAN

Stock Exchange / Sharemarket

ax

Qantas Airways Limited (QAN) is an airline company engaged in the operation of both domestic and international air transportation services. QAN also provides time definite freight services, sells domestic and international holiday tours and other related services like catering, flight training, ground and passenger handling, maintenance and engineering. QAN was listed on the Australian Stock Exchange on the 31st of July 1995. Its average annual revenue reaches approximately $15 billion out of its issued capital of approximately $3 billion. Its headquarters is located in New South Wales, Australia and to date; around 38,000 people are employed in the company. Qantas operates through its four business divisions: Qantas Holidays, Qantas, Qantas Flight and Jetstar.

Qantas sells domestic and international holiday tours through the Qantas Holiday Tours and Viva Holidays. This division has been operating for more than 30 years now and meshes to 100 general sales agents based in Australia, the UK, Asia and it has a 75% interest in the Holiday Tours and Travel based in Singapore.

The Qantas division is in charge of the operation of 213 aircraft fleets that include Boeing 747s, 737s, 717s and 767s; A320s and Airbus A330s; Bombardier Q400s and Dash 8s and the British Aerospace 146s. This division also provides airline-global network facilities with business, first and economy class, inflight meals, frequent flyer program and airport lounges.

Qantas Flight along with the Snap Fresh and Caterair belongs to the wholly owned subsidiaries of QAN. This division operates the catering centres in Australia, supplies meals to 30 external customers and the Group airlines of Qantas Airways.

With the ultimate goal to deliver low-cost flight services, Jetstar was founded by Qantas Airways Limited and began its operation in Australia in 2004. To achieve the division’s ultimate goal, Jetstar focuses on the efficient utilisation of the aircraft and turnaround times. It also concentrates on the online sales of flights.

Qantas Airways Limited Company History

Because of the desire to provide a connection with Darwin in northern territory of Australia and railheads located in Queensland Australia, the company was founded and it was formerly known as Queensland and Northern Territory Aerial Service. It is an airline company and is the second oldest airline in the world.

Between Australia, Charleville and Cloncurry is where Qantas started picking and carrying mail and it took a while for the company to expand to many different routes in 1922. Because of the Second World War, the expansion became rapid. In 1935, Qantas began and had the first international flight.

The name Qantas was formed when the Queensland and the Northern Territory Aerial Services changed its name to Qantas back in 1967. The company moved the main office to Sydney, Australia back in 1938. In 1993, Qantas became the main air operative in Australia for purchasing Australian Airlines. Subsequently, British Airways bought 25% split of the Australian government as the start towards privatization. This Privatization ended in 1995 and Qantas share was given to the Australian stock exchange.

Continuing with the expansion, in 2004, Qantas broadcasted that they would put in in a new airline located at Singapore, Asia and they would take 49.9% share from the new airline. After a few months, Qantas opened a low cost airline named Jetstar.