Matt O'Sullivan

Matt O'Sullivan

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

Online travel

Graeme Wood burns $48m as Wotif shares smashed

Matt O'Sullivan Well-known conservationist Graeme Wood has watched more than $48 million of his wealth disappear today after a profit warning from Wotif sent shares in the company he co-founded into a tailspin.

Aviation

Unions to push Qantas over proposed job cuts

Qantas ground staff.

Matt O'Sullivan Qantas boss and his senior executives will come under pressure from union leaders to spell out the extent of government help they are seeking and the parts of the business to be hit hardest by job...

Transport

Aurizon in $197m write-down

Matt O'Sullivan Coal-hauler has decided to sell or scrap a large number of train locomotives and wagons.

Transport

Aurizon in $150m asset write-down

aurizon

Matt O'Sullivan Coal-haulage company Aurizon will book a one-off hit of up to $150 million in the first half after deciding to scrap or sell trains and wagons it had decided it will no longer need over the next five...

Aviation

Qantas IT system victim of cost cuts

AFR FIRST USE ONLY. 081203. GENERIC QANTAS AND BRITISH AIRWAYS IMAGES TO GO WITH BSTORY ON POSSIBLE MERGER OF THE AIRLINES. PHOTO BY ROB HOMER SPECIALX 97157

Matt O'Sullivan Qantas has shelved a project to replace a 26-year-old IT system that supports almost 10 million members of its frequent-flyer program because it would cost another $40 million to complete.

Matt O'Sullivan

Holden saga is a reality check for Qantas

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Matt O'Sullivan Alan Joyce has every reason to be deeply worried about the Holden decision.

Aviation

Virgin in bid to unseat Qantas as Australia's chief airline for 'rescue' flights

VIRGIN AUSTRALIA AFR PHOTOGRAPH BY GLENN HUNT 080811.
GENERIC- Virgin blue, virgin australia, aviation, australian, airport, aeroplanes.
AFR USE ONLY

Matt O'Sullivan Virgin puts up hand to help in evacuations of Australians from international trouble spots.

Aviation

If Holden didn’t make it, what chance Qantas?

Qantas

Matt O'Sullivan Qantas chief executive Alan Joyce has every reason to be deeply worried about the Holden decision.

Aviation

Virgin says call us, not Qantas, in times of crisis

Qantas

Matt O'Sullivan It is a quickly becoming a case of which airline to call at a time of crisis.

Aviation

Jetstar rejigs Japan services

Jetstar Japan

Matt O'Sullivan Jetstar has decided to ditch flights on the underperforming route between the Gold Coast and Japan’s third biggest city of Osaka in favour of a new service from Melbourne to Tokyo.

Qantas to meet unions to discuss job cuts

Qantas

Matt O'Sullivan Qantas executives will face off with heavyweights from unions representing the bulk of the airline's 30,000-strong workforce next Wednesday over the latest round of job cuts.

Aviation

Qantas and unions to talk job cuts

Qantas worker/

Matt O'Sullivan Qantas executives will face off with heavyweights from unions next Wednesday over latest round of job cuts.

Aviation

Air New Zealand upbeat on earnings outlook

Air New Zealand generic

Matt O'Sullivan Air New Zealand has forecast a 20 per cent rise in pre-tax earnings for the first half as solid bookings in the lead up to the busy Christmas-New Year holiday period give it confidence to update...

Aviation

Qantas shares test new lows as Jetstar exits Darwin base

Jetstar

Matt O'Sullivan Qantas budget offshoot Jetstar will further reduce flights to the Northern Territory and close its aircraft base in Darwin, blaming competition from foreign airlines.

Aviation

Jetstar to close Darwin base and cut NT flights

Matt O'Sullivan Jetstar will close its aircraft base in Darwin and cut back on flights from the Northern Territory capital to destinations including Bali, Brisbane and Singapore.

As storm clouds close in, Qantas' distress calls go unanswered

A Qantas plane flies towards a massive thundercloud.

Matt O'Sullivan When Ansett boss Gary Toomey went cap in hand to the federal government in early 2001 he made a fateful remark.

Aviation

Qantas to feel borrowing pain as rating junked

Alan Joyce CEO.

Matt O'Sullivan Qantas faces a sharp rise in its borrowing costs after it suffered the ignominy of a downgrade.

National carrier axes 1000 jobs, considers asset sales

Qantas and the carbon tax (Thumbnail)

Matt O'Sullivan, Mark Kenny The Abbott government is holding firm in the face of dire warnings from Qantas that it faces a financial crisis which has already forced it to axe at least 1000 jobs and consider major asset sales.

Aviation

Leak reveals risky moves in Jetstar bid

An airport worker stands in front of a Jetstar passenger plane at Avalon Airport in Melbourne in this March 19, 2010 file photo. Australia's national carrier, Qantas has moved to expand its Asian business and cut costs by entering into an equal joint venture with China Eastern Airlines Corp Ltd to set up a Hong Kong-based low-cost carrier. 
   REUTERS/Mick Tsikas/files    (AUSTRALIA - Tags: TRANSPORT BUSINESS)

Matt O'Sullivan Concern over mounting costs for Jetstar's delayed Hong Kong offshoot.

Aviation

Qantas cuts 1000 jobs, mulls future of Jetstar and frequent flyers

Qantas

Matt O'Sullivan Qantas will axe at least 1000 jobs and even mulls partial sales of Jetstar and its partial Frequent Flyer program as its financial position worsens rapidly.