Transport

54 posts
Regional Express (ASX:REX) shuts down all Queensland services

" Regional Express (ASX:REX) shuts down all Queensland services

Rural airline Regional Express (REX) will shut down all its Queensland services from April 1.
Qantas and Virgin under pressure to double-check for Boeing cracks

" Virgin Australia (ASX:VAH) requests $1.4B Government bailout, Qantas (ASX:QAN) responds

Virgin Australia (VAH) has requested $1.4 billion from the Australian Government to keep the business off the ground.
Qantas Group (ASX:QAN) secures a $1.05B in debt funding

" Qantas Group (ASX:QAN) secures a $1.05B in debt funding

The Qantas Group (QAN) has secured a further $1.05 billion in debt funding to strengthen its position to manage the coronavirus outbreak.
Virgin Australia (ASX:VAH) - CEO, Paul Scurrah - The Market Herald

" Virgin Australia (ASX:VAH) stands down 80pc of staff

Virgin Australia (VAH) has announced further flight cuts as the coronavirus crisis continues to tear down the travel industry.
Jayride (ASX:JAY) - Managing Director, Rod Bishop (Right) - The Market Herald

" Jayride Group (ASX:JAY) cuts staff to keep afloat

Airport transfer company, Jayride Group (JAY) has put in cost-saving measures to save the business over the next 12 months.
Steamships (ASX:SST) responds to State of Emergency in PNG

" Structural Monitoring Systems’ (ASX:SMN) shares soar on rollout milestone achievement

Aircraft tech developer Structural Monitoring Systems (SMN) has reached more important milestones in the roll-out of its CVM metal fatigue detection system.
Flight Centre Travel Group (ASX:FLT) - Managing Director, Graham Turner - The Market Herald

" Flight Centre (ASX:FLT) scraps interim dividend and half of Skroo’s salary

Household travel agency Flight Centre (FLT) has made the call to scrap its interim dividend in light of recent heavy travel restrictions.
Sydney Airport (ASX:SYD) - CEO, Geoff Culbert - The Market Herald

" Sydney Airport (ASX:SYD) has $2B cash to weather COVID-19 storm

With the COVID-19 pandemic still ravaging the travel sector, Sydney Airport (SYD) released a surprisingly upbeat announcement to shareholders today.
Air New Zealand (ASX:AIZ) - CEO, Greg Foran - The Market Herald

" Air New Zealand (ASX:AIZ) receives NZ$900M loan from Government

Air New Zealand (AIZ) has landed a NZ$900 million (approximately A$891 million) loan from the New Zealand Government.
Regional Express (ASX:REX) withdraws profit guidance, fears collapse

" Regional Express (ASX:REX) withdraws profit guidance, fears collapse

Regional Express (REX) is the latest in a long line of companies withdrawing profit guidance issued for the remainder of the 2020 financial