Matt O'Sullivan

Matt O'Sullivan

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


Qantas shares surge amid plunge in fuel prices

Matt O'Sullivan Qantas shares have broken through the $2-mark for the first time in more than three years as a major slump in oil prices bolster investors’ enthusiasm for airline stocks worldwide.


Qantas injects more millions into Jetstar Japan

Qantas and Japan Airlines will each make a 5.5 billion yen ($57 million) equity injection into the low cost carrier.

Matt O'Sullivan Qantas has made its second capital injection into loss-making budget airline Jetstar Japan in just over a year, in an effort to bolster its finances ahead of it starting international flying early...


Frequent flyers hit as airline surcharges fly high despite slump in fuel prices

Emirates and Qantas

Matt O'Sullivan Qantas and Emirates have kept their fuel surcharges on international flights intact, despite a 25 per cent fall in jet fuel prices since the start of the year.


Webjet warns leisure travel remains weak

Webjet logo.

Matt O'Sullivan The owner of Zuji has cautioned investors that it expects the domestic leisure travel market to remain flat for the rest of this financial year, echoing sentiment from the country’s largest...


Qantas marketing chief Tim McColl Jones resigns after 'feels like home' campaign launch

Qantas' sentimental 'Feels like home' campaign is the airline's biggest since 2012.

Matt O'Sullivan Qantas’ well-regarded executive manager of brand and marketing, Tim McColl Jones, has quit after just a year in the job and having overseen one of the airline’s biggest branding campaigns...


Virgin forecasts clearer skies ahead as capacity war with Qantas, Jetstar eases

Flying higher: The take-home pay for Virgin boss John Borghetti totalled almost $2.78 million this year.

Matt O'Sullivan Virgin Australia expects to post a pre-tax profit in the second-quarter of this financial year as the capacity war with Qantas and Jetstar eases in the domestic market eases.


Virgin Australia and Singapore Airlines set flight path for stronger frequent-flyer ties

Flyer reward: Velocity chief executive Neil Thompson is targeting 7 million loyalty program members by 2017.

Matt O'Sullivan In a bid to challenge Qantas for a greater share of the corporate travel market, members from the Virgin Australia and Singapore Airlines loyalty programs will be able to covert their Velocity points...


Rupert Murdoch's News Corp cops major investor revolt

Grip slipping: News Corp chairman Rupert Murdoch

Colin Kruger and Matt O'Sullivan Rupert Murdoch narrowly avoided losing control of his publishing empire after his key Saudi billionaire backer appeared to have joined a revolt against the family’s minority control of News...

Brisbane West Wellcamp airport builders Wagners have infrastructure advice for Tony Abbott

John Wagner believes private enterprise needs to be allowed to get on with building new infrastructure.

Matt O'Sullivan The wealthy Queensland family which has built the first major airport in Australia in almost half a century has some simple advice for the prime minister.


Virgin raises $344m in first corporate bond issue

Virgin did not use aircraft as security in its first public bond issue.

Matt O'Sullivan and Jonathan Shapiro Virgin Australia has raised $US300 million ($344 million) from its first corporate bond issue to global investors.


Virgin boosts ability to tap foreign capital markets


Matt O'Sullivan Virgin Australia is on the cusp of returning to overseas capital markets in a further effort to diversify its funding after one of the big-two ratings agencies assigned the airline its first public...

Space tourism

Virgin Galactic crash fails to deter Australian space tourists

Happier days: Wilson da Silva (left), Richard Branson and Brett Godfrey in Sydney in 2005.

Matt O'Sullivan They forked out $US200,000 each for their place on the first commercial Virgin Galactic flights into space.


Virgin Australia again under fire for 'very substantial' pay package for CEO John Borghetti

John Borghetti

Matt O'Sullivan Virgin Australia’s board is again under fire from an influential adviser to large investors for what it describes as high levels of pay for the airline’s chief executive, John Borghetti.


Qantas-backed Fiji Airways searches for new CEO

Goodbye Fiji, hello Germany: Stefan Pichler is stepping down as Fiji Airways CEO after just over a year.

Matt O'Sullivan Qantas-backed Fiji Airways is searching for a new chief executive after Stefan Pichler decided to pack his bags for Germany to take over as boss of Air Berlin.


Qantas short-haul pilots give pay offer short shrift

Qantas' short-haul pilots have voted against a company wage offer.

Matt O'Sullivan Qantas' short-haul pilots have overwhelmingly rejected a wage offer that would have resulted in them forgoing 18 months of back pay, dealing a blow to management's bid to put in place a company-wide...


Malaysia Airlines admits it has 'work to do' to win back flying public's trust

Flight Centre managing director Graham Turner said demand for Malaysia Airlines fell 40 per cent in the weeks following the incidents, and was still down about 10 per cent on the same period last year.

Matt O'Sullivan Malaysia Airlines concedes it still has work to do to win back the confidence of Australia’s flying public following the loss of two of its passenger jetliners earlier this year.


Ebola, weak dollar haven't hurt travel demand, says Flight Centre

Flight Centre managing director Graham Turner.

Matt O'Sullivan Flight Centre is banking on growth accelerating in the second half of this financial year as it anticipates a gradual recovery in demand and consumer confidence in the Australian travel market.


Virgin Australia cautions leisure market remains weak

Virgin Australia boss John Borghetti (left).

Matt O'Sullivan Virgin Australia chief executive John Borghetti has cautioned that the leisure sector remains flat but he remains optimistic about a pick up in demand early next year.


Virgin Australia chairman Neil Chatfield to stand down

Matt O'Sullivan Virgin Australia will step up the search for a new chairman after Neil Chatfield declared his intention to relinquish the reins after seven years in the role.


Qantas 'on track' after making first-quarter profit, says Alan Joyce

Qantas CEO Alan Joyce

Matt O'Sullivan Qantas made a pre-tax profit in the first quarter as growth in capacity in the domestic market ground to a halt and competition eased on international routes.