Matt O'Sullivan

Matt O'Sullivan is a Business Reporter for The Sydney Morning Herald.

Aviation

Virgin braces as earnings go belly up

Matt O'Sullivan Virgin Australia shares dived more than 17 per cent after the airline warned that its pre-tax profit would be weaker than last year due to tough domestic conditions.

Aviation

Second airport cast as white elephant

Matt O'Sullivan Sydney Airport's outspoken chairman, Max Moore-Wilton, claims a second airport would become a 'white elephant'.

Second Sydney airport a 'white elephant'

Matt O'Sullivan Sydney Airport’s outspoken chairman, Max Moore-Wilton, claims a competing second airport for the city would become a ‘‘white elephant’’ at a cost of billions of dollars to taxpayers.

Profits

Sydney Airport hits high on upgrade

Matt O'Sullivan Sydney Airport has raised its forecast for distributions this year as it banks on increased growth spurred by foreign budget airlines and the impact of alliances.

Airlines

Virgin dives on profit warning

Matt O'Sullivan Virgin Australia shares have dived after the airline warned that its earnings will be lower this financial year due to a hit to revenue.

Aviation

Virgin issues profits warning

Matt O'Sullivan Airline warns earnings will be lower due to a hit to revenue from overhaul of reservations system.

Airlines

Qantas-Emirates deal gets final clearance

Matt O'Sullivan Qantas and Emirates clear the final hurdle in forming their extensive alliance, as Qantas reshuffles its executive ranks.

Aviation

Ex-Foodstuffs boss to head Air NZ board

Matt O'Sullivan Tony Carter, a former chief of grocery company Foodstuffs, replaces John Palmer as chairman.

Airlines

Investors give thumbs up to Air NZ

Matt O'Sullivan Air New Zealand shares jump after the airline names its new chairman and ahead of a possible stake sale by the government.

CBD

Bateman stuffs family stocking

Matt O'Sullivan The boss of Primary Health Care, Ed Bateman has given the bulk of 17 million shares to about 20 of his family members.

Aviation

Jetstar faces new challenge on key routes

Matt O'Sullivan AirAsia X aims to boost flights to Sydney and Melbourne faster than originally planned.

Aviation

Virgin faces battle to ease Tasman rules

Matt O'Sullivan Virgin Australia faces opposition from New Zealand airports and city councils to a loosening of conditions on its alliance with Air New Zealand on trans-Tasman routes.

Branding is the key stake in Virgin: Branson

Matt O'Sullivan Richard Branson says he is likely to eventually sell his remaining stake in Virgin Australia.

Airlines

Branson won't commit to Virgin stake

Matt O'Sullivan English entrepreneur Richard Branson has indicated he will not be a long-term shareholder in Virgin Australia following his recent decision to reduce his stake in the airline.

Aviation

Clouds on horizon for embattled Qantas

Matt O'Sullivan Qantas dropped almost 6 per cent on Friday after chief executive Alan Joyce flagged a tough second half due to competition in the domestic market and one-off costs from international flying.

Airlines

Competitors combat Qantas alliance

Matt O'Sullivan Qantas chief executive Alan Joyce says the airline’s international competitors are mounting ‘‘aggressive short-term responses’’ to its alliance with Emirates.

Aviation

Tiger eyes battle for market share

Matt O'Sullivan Rob Sharp believes the budget-end of air travel will become 'extremely competitive' over the next two years.

New Tiger chief predicts tough competition

Matt O'Sullivan Tiger Australia's new chief executive, Rob Sharp, believes the budget end of the air travel market will become "extremely competitive" over the next two years as his airline jostles with Jetstar for...

Profits

Flight Centre jumps on guidance lift

Matt O'Sullivan Flight Centre has lifted its earnings guidance for this year to as much as $340 million in pre-tax earnings due in part to a rebound holiday travel.