Matt O'Sullivan

Matt O'Sullivan

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

Danger in throwing open door to foreign airlines

matthew O'Sullivan dinkus

Matt O'Sullivan The pace of change unleashed on Australia's airlines is intensifying. Now, senior transport bureaucrats are about to wing their way to Beijing for high-level negotiations next week about opening...

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Boards

Gruen Transfer's Todd Sampson joins Qantas board

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Matt O'Sullivan Qantas has appointed high-profile advertising agency boss and regular Gruen Transfer panelist Todd Sampson as a director in an effort to boost the level of marketing experience on the airline’s...

Aviation

Oil plummets, but don't expect lower fares soon

Pressure is building on Australia's big airlines to lower their ticket prices, but investors are putting their hopes on the carriers holding their line, having hedged their fuel at substantially higher levels than the current market price.

Matt O'Sullivan Oil prices may have plunged to near six-year lows, but travellers are unlikely to see Qantas or Virgin Australia rush to slash fares any time soon – or lower their much maligned fuel surcharges...

Aviation

Qantas, China Eastern shouldn't cut flights: Austrade

Qantas chief Alan Joyce has increasingly hitched the airline to China Eastern.

Matt O'Sullivan The competition watchdog has been urged to ensure Qantas and China Eastern maintain their present level of flights on a key route between Australia and China if it gives them approval to deepen their...

Aviation

Qantas faces competition on Australia-Japan routes from All Nippon Airways

All Nippon Airways last operated services to Sydney in July 1999.

Matt O'Sullivan Qantas faces greater competition on flights between Australia and Japan next year as speculation mounts that All Nippon Airways will resume flying on the Sydney-Tokyo route after a long absence.

Aviation

AirAsia might be forced to lower fares but missing plane unlikely to curb travel demand

Shares in AirAsia slumped more than 8 per cent in Kuala Lumpur on Monday following the loss of Flight QZ8501.

Matt O'Sullivan AirAsia might be forced to discount fares if demand drops after the disappearance of one of its A320 aircraft but travel companies doubt it will curb consumers' appetite for air travel in the long...

Aviation

Qantas breakthrough with short-haul pilots

Qantas' short-haul pilots would have their wages frozen from last March as part of the four-year deal.

Matt O'Sullivan Qantas has received a boost to its aim of imposing a company-wide pay freeze after its short-haul pilots finally voted to accept a new pay deal.

Aviation

Chinese aviation tiger wants more of Australian market

Eastern Airlines

Matt O'Sullivan China Eastern plans to expand its international network, and it seems especially interested in Australia.

Transport

Chinese visitors keep airport terminals busy

Sydney and Melbourne airports have both reported a surge in international visitors.

Matt O'Sullivan A surge in Chinese visitors has again helped Melbourne and Sydney airports to boost the total number of international passing through their terminals.

Aviation

Flight Centre shares slump 10 per cent following profit warning

Flight Centre

Matt O'Sullivan Flight Centre has warned that earnings could fall as much as 4 per cent this financial year as weak consumer sentiment in Australia forces it to discount ticket prices in order to stimulate demand.

Qantas, Emirates under pressure to slash surcharges as oil price hits five-year low

Matt O'Sullivan Pressure is mounting on Qantas, Emirates and Virgin Australia to cut fuel surcharges on international tickets as oil prices hit five-years lows and a fuel monitoring group demands the competition...

Aviation

ACCC fights back over Air New Zealand, Garuda cartel decision

Qantas and Air New Zealand were among 13 airlines accused of    air freight price fixing.

Matt O'Sullivan The legal battle over alleged air freight price-fixing is continuing with the competition watchdog appealing against a decision to dismiss action against Air New Zealand and Garuda Indonesia.

Aviation

Qantas benefits from third straight month of yield rise

This is the fourth turn-back incident for Qantas in just two days.

Matt O'Sullivan Qantas has reported its third consecutive month of growth in yields – or return on fares – as it benefits from a truce in the capacity war with Virgin Australia.

Siege

Sydney siege: Business disruption as thousands of office workers evacuated or locked down

Police have evacuated the area around Martin Place in Sydney's CBD.

Matt O'Sullivan and Clancy Yeates Thousands of white-collar workers from some of Australia's biggest financial institutions have been evacuated from buildings in Sydney's CBD or told to stay inside as a siege takes place in the...

Aviation

Qantas unveils big management reshuffle

As part of its efforts to return to profitability, Qantas is in the midst of removing $2 billion in costs.

Matt O'Sullivan Qantas has made one of the biggest reshuffles of its senior executive team in years, which has resulted in the departures of both the chief executives of its international and domestic operations.

Aviation

Virgin gets boost from Air New Zealand alliance

The trans-Tasman market has become dominated by two major alliances in Virgin-Air New Zealand and Qantas-Emirates.

Matt O'Sullivan Virgin Australia’s earnings performance on hotly contested routes between Australia and New Zealand has shown signs of an uplift as it benefits from its alliance with Air New Zealand.

Jetstar pilots join Qantas colleagues in spurning pay deal

Jetstar pilots had been asked to take an 18-month wage freeze.

Matt O'Sullivan Jetstar pilots have joined their counterparts at Qantas in almost unanimously rejecting a proposed pay deal, raising the prospect of a protracted dispute between management and a key part of the...

Aviation

Travellers snap up half-price business tickets on Singapore Airlines after computer error

A steal: some lucky travellers will be able to enjoy business class perks at economy-class prices.

Matt O'Sullivan Christmas has arrived early for hundreds of travellers after Singapore Airlines mistakenly sold business tickets to London for about half price.

Eco

Petrol prices surged by over 9 per cent this year, but relief is coming: ACCC

The average retail price for regular unleaded petrol in the country's five largest cities was 150.6 cents per litre in the 2013-14 financial year – a 9.3 cent increase on the previous year.

Matt O'Sullivan Motorists were slugged the third-highest prices on record for filling up at the bowser this year, a report from the competition watchdog has found.

Energy stock plunge creates headache for economy

The sharemarket is poised for further falls amid rising investor fears about growth.

Max Mason, Matt O'Sullivan and Vesna Poljak A rout in global oil prices has accelerated a big selloff in energy stocks and wiped $53 billion from the Australian sharemarket in just two trading days.