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Qantas said it expected to make up for the higher fuel costs in the second half.
Updated
Earnings Season

Qantas counts on competitor retreat after fuel bill drives profit lower

Qantas saw its underlying before-tax profit decline in the December half after a spike in the oil price blew a hole in its earnings.

  • by Patrick Hatch
Westpac branch on King William St in Adelaide, Monday, February 18, 2019. (AAP Image/Kelly Barnes) NO ARCHIVING
Banking royal commission

Westpac faces responsible lending class action

  • by Clancy Yeates
Wesfarmers will return $1 billion to shareholders through a special dividend.
Retail

Wesfarmers' cash splash: Shareholders to reap $1b special dividend

  • by Patrick Hatch
Santos has seen a return to profit as it drove down operating costs and rode the wave of high oil prices.
Energy

Santos back in black for the first time since 2014

  • by Cole Latimer
Plenty of life left in China.
World markets

The world's most innovative company is a Chinese super app

  • by Kirsty Needham
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Currency

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The economy

Westpac now predicts the RBA to cut interest rates twice this year
Interest rates

Westpac tips two interest rate cuts this year as economy slows

The bank also revised down its GDP growth forecasts for 2019 and 2020 and expects the unemployment rate to start rising in the second half of this year.

  • by Matt Wade
Breaking
Jobs

Year starts with a surge in full-time jobs as unemployment rate holds steady

Jobless rate steady at 5 per cent despite big lift in full time employment

  • by Shane Wright
Trevor St Baker has been a major investor - through his innovation fund - in electric vehicle charging technology.
Energy

Coal power baron calls on Australians to 'embrace' clean energy

  • by Cole Latimer
Glencore said it will not cap its global coal production.
Energy

Australia's biggest coal miner moves to cap global output

  • by Cole Latimer
Wages are struggling to get back to historic averages.
Wage Growth

Wages grow at glacial pace particularly in retail and telecommunications

  • by Eryk Bagshaw
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Markets

Plenty of life left in China.
World markets

The world's most innovative company is a Chinese super app

  • by Kirsty Needham
World markets

Wall Street edges up in volatile trade day

  • by Caroline Valetkevitch
Sponsored
8@eight

8@eight: ASX set to edge higher at open

  • by Kyle Rodda

Companies

Ivan Glasenberg, Glencore's billionaire CEO, is no altruist.
Opinion
Coal

What's good for the world, is good for Glencore and its coal profits

  • by Stephen Bartholomeusz
Tesla

Elon Musk missteps flare up again with lawyer's exit, misfired tweet

  • by Dana Hull
Energy

Origin issues first dividend in three years as it returns to profit

  • by Cole Latimer

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Banking & finance

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Small business

Kate Carnell, incoming Chief Executive of the Australian Chamber of Commerce and Industry, at her office in Canberra on Friday 16 May 2014. Photo: Alex Ellinghausen
Managing

Value of small business, payments front and centre in estimates

Payment times, penalty rates and economic growth were central to senate estimates.

  • by Emma Koehn
MYOB chief executive Tim Reed described the results as "solid".
Finance

Holding pattern: MYOB's growth slows as it braces for private equity takeover

Accounting software provider MYOB's revenue growth has slowed as shareholders prepare to vote on the proposed private equity takeover by KKR.

  • by Cara Waters
Office support staff and assistants might know more about employees' lives than you think.
Opinion
The Venture

Should executive assistants spy on their boss?

  • by Tony Featherstone
Ted O'Brien said SMEs are not reaping the benefits of Free Trade Agreements.
Managing

Grey channels and deep pockets: Small businesses fail to benefit from Free Trade Agreements

  • by Cara Waters
Chief executive of the Australian Information Industry Association, Ron Gauci.
Startups

Push to rethink 'frustrating' innovation debate ahead of budget

  • by Emma Koehn

Consumer affairs

Federal Energy Minister Angus Taylor says the new rules will help households not to be hit twice with late payment fees.
Energy

Power retailers hit with new rules to stop 'sneaky' bill fees

  • by Cole Latimer
Exclusive
Holidays

Timeshare owners upset by 'devalued' resale rights

  • by Caitlin Fitzsimmons
Explainer
Food safety

Scrape off jam mould or throw out the jar? Food safety myths explained

  • by Charlotte Grieve

Workplace

Nelly Ben Hayoun
Best places to work

The 'Willy Wonka' of design says we need to rethink our workplaces

  • by Anna Patty
Public service

ABC has culture problem: father of alleged bullying victim

  • by Sally Whyte
Careers

Testing times: Industry needs more genetic counsellors

  • by Sue White

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