Cashed Up Kangaroo Spends Big
QANTAS HAS wasted little time spending some of the $1.4 billion half-year profit it announced last month.
Some $100 million of the money will go into upgrading its network of lounges in Australia and overseas.
The investment features four new lounges, including a new flagship First Lounge at Heathrow, and an extensive upgrade program of existing international and domestic lounges.
It’s the single biggest investment in the Qantas lounge network in more than a decade and comes as the airline expands its domestic and international routes and starts to take delivery of next-generation aircraft.
“Being back in profit means we’re back to making long term investments for our customers,” said Alan Joyce, Qantas CEO.
“That started with the major aircraft order we announced last year and now we’re building on that with a major investment in our lounges.”
The investment will include:
- New First Lounge at London’s Heathrow Airport
- Re-opening of a refreshed Hong Kong International Lounge
- Complete refurbishment and expansion of International Business Lounge in Sydney
- Updated and expanded International Business Lounge in Melbourne
- New Hobart Qantas Club
- New Broome Regional Lounge with double the seats.
“We have three new and upgraded lounge spaces due to open this year and the pipeline we’re announcing today will take us through to 2025,” added Mr Joyce.