Qantas Airways Ltd. may favor internal candidate Gareth Evans for its Chief Financial Officer position, the Australian Financial Review reported, without saying where it got the information. The airline hasn’t made a final decision, according to the newspaper.
Boeing Co. lost an order for 35 Dreamliners with a list price of $8.5 billion in the biggest 787 cancellation yet as Qantas Airways Ltd. scrapped a contract after delivery delays and losses on international routes.
Qantas Airways Ltd.’s credit rating was cut to junk at Standard & Poor’s a day after the carrier flagged a record first-half loss and 1,000 job cuts. The shares fell to the lowest since July 2012 and bond risk soared.
Qantas Airways Ltd., the Australian carrier that’s firing workers as it reels from losses, will halt capacity growth on local routes for the longest period since 2009 to curb a fall in fares amid weak consumer confidence.
European stocks gained, extending a five-year high, as Lawrence Summers withdrew from consideration as Federal Reserve chairman, paving the way for Janet Yellen, who investors say will favor slower stimulus reduction.