Qantas Deceived Almost 1 Million Passengers With Fake Flights [Yahoo! Finance]
QANTAS AIR LTD S/ADR NEW (QABSY)
NASDAQ:AMEX Investor Relations:
qantas.com/travel/airlines/investors/global/en
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Qantas settled the lawsuit last year, agreeing to pay A$120 million ($82 million) in fines and compensation for selling tickets on flights it had already decided to cancel. The Australian carrier also admitted misleading ticketholders by not telling them they were actually booked on phantom services. The bombshell allegations led to the premature departure of Chief Executive Officer Alan Joyce last year, but it wasn't clear at the time how much Qantas knew about its own ticketing deficiencies. The case was brought by the Australian Competition & Consumer Commission, which had sought a record penalty of more than A$250 million. Thursday's statement of agreed facts and admissions, posted on the Federal Court of Australia's website, said “senior managers” at Qantas collectively knew of all the impacts on passengers, but no single person was privy to the whole picture. “Qantas was aware of the way in which its system operated,” the filing said. “Consumers
Show less
Read more
Impact Snapshot
Event Time:
QABSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
QABSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
QABSY alerts
High impacting QANTAS AIR LTD S/ADR NEW news events
Weekly update
A roundup of the hottest topics
QABSY
News
- Premiere of new Pimax VR headset at TGS2024 [Yahoo! Finance]Yahoo! Finance
- Qantas Deceived Almost 1 Million Passengers With Fake Flights [Yahoo! Finance Canada]Yahoo! Finance Canada
- Australia's Qantas says rolling engineer strikes not expected to disrupt flights [Yahoo! Finance]Yahoo! Finance
- We Think That There Are More Issues For Qantas Airways (ASX:QAN) Than Just Sluggish Earnings [Yahoo! Finance]Yahoo! Finance
- Aussie Bond Sales Hit Yearly Record as Asian Money Spurs Boom [Yahoo! Finance]Yahoo! Finance