Close Menu
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
Facebook X (Twitter) Instagram
Gazet International – Global Magazine
AWARD NOMINATION
  • Home
  • About
  • News
  • Awards
  • Media & Press
  • Video Podcasts
  • Magazines
  • Events
  • Contact
You are at:Home » Australia’s Star plummets after $1.2 billion loss, responds to show-cause notice
Business

Australia’s Star plummets after $1.2 billion loss, responds to show-cause notice

Gazet InternationalBy Gazet InternationalSeptember 27, 2024Updated:January 24, 20252 Mins Read
Facebook Twitter LinkedIn
Share
Facebook Twitter LinkedIn

Days after the company’s engineers went on strike for a better pay contract, the Australian pilots union announced on Tuesday that it has rejected a wage proposal from Qantas Airways. The proposal was specifically for its short-haul pilots.

The proposal included a two-year wage freeze and higher minimum guaranteed hours. It also offered more standby pay and guaranteed reimbursements for flying hours lost due to unforeseen delays or schedule changes during a roster period.

Qantas Airways

According to the Australian Federation of Air Pilots (AFAP), “pilots viewed Qantas’ insistence on a two-year wage freeze despite being highly profitable while also seeking concessions on key conditions as unreasonable.”

For the fiscal year 2024, the national airline reported an annual profit after taxes of A$1.25 billion ($865.8 million).

63.4% of the 786 short-haul Qantas pilots who cast ballots opposed the agreement.

The airline’s engineers went on strike last Thursday over demands, including a 5% yearly pay increase. The airline rejected this plan in the wake of their actions.

The pilots’ union warned of escalation if the airline rejected the result of the vote.

“This negotiation could escalate if Qantas chooses to ignore the vote outcome and resort to its traditional hostile bargaining tactics,” AFAP Executive Director Simon Lutton stated in a statement, without offering any clarification.

According to a Qantas representative who spoke to Reuters, “the agreement we put to vote included a number of structural improvements to pay and rostering conditions that our pilots had been seeking for many years.”

“Given the outcome, we will now take some time to consider next steps.”

Click here for more Business news.

Source
#AUSTRALIA #casino #GAZETINTERNATIONAL #GI #GIAWARDS #StarCasino #StarEntertainment #sydney
Share. Facebook Twitter LinkedIn
Previous ArticleJapan’s incoming PM Ishiba urges action to end deflation
Next Article RAKEZ Hosts Industry-Specific Event to Promote Digital Marketing Excellence Among Clients

Related Posts

Gulf Economies Shine: 4.4% GDP Growth Expected in 2025 Amidst Global Downturn

June 18, 2025

OPEC anticipates a robust global economy in the latter half of 2025, while also reducing its forecast for 2026 oil supply.

June 17, 2025

Examining the effects of Danantara’s BRIS acquisition on four Indonesian banks.

June 17, 2025
  • Facebook
  • Twitter
  • Instagram
  • YouTube
  • LinkedIn
Don't Miss

Gulf Economies Shine: 4.4% GDP Growth Expected in 2025 Amidst Global Downturn

Widening Gender Gap in India’s Financial Protection Levels – Axis Max Life India Protection Quotient 7.0​

Andrew Roszko Joins JAGGAER as Chief Executive Officer

Signify and Madhya Pradesh Tourism Board Partner to Illuminate 61 Villages, Empowering Local Communities Under ‘Har Gaon Roshan’ CSR Initiative​

Recent Posts
  • Gulf Economies Shine: 4.4% GDP Growth Expected in 2025 Amidst Global Downturn
  • Widening Gender Gap in India’s Financial Protection Levels – Axis Max Life India Protection Quotient 7.0​
  • Andrew Roszko Joins JAGGAER as Chief Executive Officer
  • Signify and Madhya Pradesh Tourism Board Partner to Illuminate 61 Villages, Empowering Local Communities Under ‘Har Gaon Roshan’ CSR Initiative​
  • Gau Rashtra Yatra 2025: A 1000+ KM Journey to Unite India for Cows​
Recent Comments
    Archives
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • October 2023
    • September 2023
    • January 2021
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    About

    GAZET INTERNATIONAL


    Gazet International Magazine is a global entity that works towards providing latest information and news updates of the world. It entraps latest stories in banking, finance, lifestyle and various beats of the world. We engage in recognizing and rewarding the global organizations for their achievements in various fields and deliver justice to the nominees with valued identification and recognition of companies that indulge in the Gazet Award Ceremony.

    Facebook X (Twitter) Instagram YouTube LinkedIn
    Categories
    • Banking
    • Blog
    • Business
    • Corporate
    • Editor's Column
    • Events
    • Executive Spotlight
    • Finance and Investing
    • Lifestyle
    • magazine
    • podcast
    • Press Release
    • Technology
    • World
    Latest posts
    Business

    Domino’s Pizza UK plans to hire 5,000 staff for the holiday season

    September 16, 2024
    World

    Typhoon Bebinca hits Shanghai, the strongest storm since 1949

    September 16, 2024
    Technology

    TikTok faces a critical court hearing that could determine its future in the US

    September 13, 2024
    Business

    Ford plans to restart its manufacturing plant in Tamil Nadu, India

    September 13, 2024
    Previous 1 … 640 641 642 643 644 … 850 Next
    Official Partner

    7ITS NEWS

    Copyright © 2025. Gazet International

    Type above and press Enter to search. Press Esc to cancel.