Matt O'Sullivan

Matt O'Sullivan

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

Aviation

Qantas engineers reach pay deal, agree to 18-month pay freeze

Matt O'Sullivan Qantas aircraft engineers at the centre of the 2011 industrial dispute that grounded the airline have agreed to a new four-year wage deal that includes a pay freeze for the first 18 months.

Utilities

Downer eyes work from power privatisations following $300m Tenix purchase

Tenix had initially sought to raise funds through selling a stake or listing its shares on the stockmarket, but then decided to accept Downer EDI's offer.

Matt O'Sullivan Downer EDI plans to grow quickly contractor Tenix to take advantage of the privatisation of electricity assets in NSW and Queensland following its purchase from Sydney’s wealthy Salteri family...

Airports

Sydney Airport's international passengers fall amid curbed appetite for overseas holidays

The fall in international passengers was largely due to a 2.5 per cent drop in Australians travelling overseas, deterred by the weaker currency.

Matt O'Sullivan The number of international passengers passing through Sydney Airport fell last month, which analysts believe is a a sign that a weaker dollar is curbing Australians’ plans to travel abroad.

Aviation

Qantas pins hopes on weaker dollar boosting foreign travellers

Qantas is pinning hopes on weaker Australian dollar.

Matt O'Sullivan Qantas expects to generate significantly more of its revenue from foreign visitors travelling to Australia as a weaker dollar makes the country a cheaper destination to holiday.

Aviation

Qantas close to busting foreign ownership cap

Last in, first out: Foreign shareholders may be forced to sell part of their holdings in Qantas.

Matt O'Sullivan Foreign ownership in Qantas is close to busting the 49 per cent cap, which is expected to put downward pressure on the airline’s share price as overseas investors face the prospect of reducing...

Cathay Pacific boosts capacity on routes to Australia

Matt O'Sullivan Cathay Pacific is hopeful a weaker dollar will make Australia a more attractive destination for foreign tourists.

Aviation

Qantas, Emirates and Virgin Australia urged to cut surcharges as fuel price sinks

domestic aircraft on the ground

Matt O'Sullivan Qantas, Emirates, Virgin Australia and other airlines are under pressure to lower fuel surcharges on tickets after an 18 per cent drop in jet kerosene prices over the last four months.

Aviation

Qantas pay card wins tick of approval from advisers despite concerns about Alan Joyce's fixed pay

Qantas chief executive Alan Joyce.

Matt O'Sullivan The overall pay for Qantas’ executive team has gained a tick of approval from advisers to large shareholders, although they point out that the fixed salary for chief executive Alan Joyce is...

Consumer sentiment weak, says Jetstar chief

Matt O'Sullivan Qantas’ budget offshoot, Jetstar, concedes consumer sentiment remains weak as it battles Tigerair Australia for price-sensitive leisure travellers in the domestic market.

Travel

ACCC clears Expedia takeover of Wotif

Large hotel chains tend to receive up to 20 per cent of their bookings through online travel agents such as Wotif, while smaller operators rely on them for more than half.

Matt O'Sullivan The competition watchdog has cleared the way for Expedia to complete its $703 million takeover of online travel company Wotif.

Aviation

Virgin Australia expands code-share alliances with Delta and South African

Virgin Australia is expanding its virtual international network.

Matt O'Sullivan Virgin Australia has expanded its code-share alliances with US carrier Delta Air Lines and South African Airways in a further attempt to boost the reach of its so-called...

CEOs

Virgin's John Borghetti beats Qantas' Alan Joyce in pay stakes, collecting $2.8 million

John Borghetti

Matt O'Sullivan Virgin Australia chief executive John Borghetti has beaten his rival at Qantas, Alan Joyce, on a measure closest to the hearts of most executives – base pay and bonuses

Air New Zealand says trans-Tasman routes 'preforming well' despite lower Australian dollar

Matt O'Sullivan Air New Zealand’s routes between Australia and New Zealand have been performing well despite a lower Australian dollar impacting revenue, the airline’s chief executive, Christopher Luxon,...

Aviation

Qantas close to engineers pay deal in major step towards $2 billion cost cut

A new deal between Qantas and unions could see 65 engineers back at work.

Matt O'Sullivan One of the Qantas unions at the centre of the 2011 industrial dispute that grounded the airline is close to an agreement on a new four-year deal that includes a pay freeze for the first 18 months.

Aviation

Qantas' international operations 'turning the corner' says Alan Joyce

Qantas boss Alan Joyce continues to be optimistic about the company's future.

Matt O'Sullivan Qantas chief executive Alan Joyce says the airline's loss-making international operations are "turning the corner" as it boosts services on higher yielding routes to North America and benefits from a...

Low-cost airlines struggling to gain altitude in battle for Asian skies

The aircraft storage at Alice Springs, the brainchild of Tom Vincent.

Matt O'Sullivan Alongside the runway at Alice Springs Airport sits one of the world’s newest aircraft ‘boneyards’.

Aviation

Outback plane graveyard at Alice Springs welcomes first arrivals

The Asia Pacific Aircraft Storage facility in Alice Springs could eventually hold several hundred planes.

Matt O'Sullivan It is Australia’s dead centre – where our old planes can now go to die. After a slow start, passenger jets including a Qantas 767 and four Airbus single-aisle planes from Tigerair...

Aviation

Kate Lahey to replace Bruce Baird at peak tourism and transport lobby group

Matt O'Sullivan Former Business Council of Australia chief executive Katie Lahey has been selected to replace Bruce Baird as chair of peak lobby group Tourism and Transport Forum.

Regional Express to cut flights on 'marginal routes' in NSW

Matt O'Sullivan Australia’s largest independent regional airline, Regional Express, will cut the number of flights on several regional routes in NSW because of heavy losses.

Aviation

Qantas accused of sending more call-centre jobs overseas

Australian-based customer service will soon be the preserve of Qantas' premium passengers.

Matt O'Sullivan Unions have accused Qantas of sending more work offshore after the airline revealed it intends to boost the size of its call centre in Auckland by another 50 jobs.