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Qantas

Money-Making Qantas Now Looking for Merger Love

August 22, 2008 at 10:45 AM | 0 Comments

Even profitable airlines are looking to merge these days! The latest to announce its intentions is Qantas, which raked in $843 million over the past year. Despite the gains, the Aussie airline suspects that fuel prices aren't about to plummet.

CEO Geoff Dixon, who's leaving his position in fewer than 100 days, says:

[Consolidation] is happening now: the Lufthansa-Swissair alliance, the KLM-Air France deal, BA in merger with Iberia, Delta and Northwest have announced talks.

And in the coming years, Australians in general and the authorities in Australia specifically are going to have to realise that, as strong as Qantas is and as big as it is, that it will have to have some form of consolidation.

One carrier we bet the Flying Kangaroo won't be talking with? V Australia, which just got government approval to fly from Sydney to South Africa.

Related Stories:
· No Airline Is an Island [The Australian]
· Qantas Reports Record Profit Despite Woes [AFP, via Google]
· Airline Mergers coverage [Jaunted]

[Photo: SpacePotato]