Original article by Michael Smith
The Australian Financial Review – Page: 19 : 17-Nov-14

Qantas CFO Gareth Evans says a "transformation" program to result in cost savings of $A600m in 2014. He says this will be the main factor in the carrier’s return to profits, rather than the recent downturn in the price of oil. Qantas expects to gain just $A20m from lower fuel costs in the first half of 2014-15, although some analysts have suggested that this could top $A292m. Evans has also downplayed speculation about a dividend payment, saying its focus is reducing debt and becoming cash-flow positive

CORPORATES
QANTAS AIRWAYS LIMITED – ASX QAN, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, BOEING COMPANY