Qantas takes on a former executive that “knows too much”

Published

4 years ago

May 3, 2021

After a decade with the Australian airline, former executive Nick Rohrlach takes job at Virgin Australia

Qantas has won a last-minute court order that will stop former executive from jumping ship to the rival airline, Virgin Australia.

This comes after two failed attempts to prevent Rohrlach from taking the job at Virgin.

Rohrlach landed a job at Virgin’s Velocity Frequent Flyer program

Former Jetstar Japan co-chief Nick Rohrlach is waiting until the court case is resolved before he starts his new job.

The case was lodged in Singapore’s Supreme court.

He joined the airline in 2011 as Head of Strategy and Planning before switching over to Jetstar, eventually running their headquarters in Japan.

In October last year, he returned to Sydney to take up a job with Qantas Loyalty.

Qantas executive Nick Rohrlach — Former Qantas Group executive Nick Rohrlach plans to jump ship to Virgin Australia.

Qantas Executive Rohrlach knows “too much” about the airline

Qantas is arguing that he knows “too much” about Qantas, leading to fears he could bring insider information to Virgin.

“Right up until he informed Qantas of his new role at Velocity, was it suggested that the flow of information from Qantas should cease,” a Qantas spokesperson told The Australian.

The Australian’s Robyn Ironside reports that Qantas has applied to the Supreme Court of Singapore for an emergency injunction.

Switching employers in the airline industry is common enough. Qantas CEO Alan Joyce has previously worked at Aer Lingus and Ansett Australia.

A former Qantas executive has landed a job at Virgin Australia.

Secret IMF meeting sparks US-China truce

Covert IMF meeting sparks US-China trade breakthrough with 115-point tariff cut for 90 days, marking significant progress since the Trump trade war.

Published

15 hours ago

May 14, 2025

ticker NEWS

Covert IMF meeting sparks US-China trade breakthrough with 115-point tariff cut for 90 days, marking significant progress since the Trump trade war.

A covert meeting in the basement of the IMF has set off a diplomatic shockwave, leading to a major breakthrough in US-China trade talks.

Top officials from both nations have now agreed to slash tariffs by 115 points for 90 days—marking the first real progress since the Trump-era trade war began.

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Money

Gen Z and millennials surpass boomers in voting power

Gen Z and Millennials outnumber Baby Boomers in Australian elections, signaling potential reforms in taxation and inheritance laws.

Published

2 days ago

May 13, 2025

ticker NEWS

Gen Z and Millennials outnumber Baby Boomers in Australian elections, signaling potential reforms in taxation and inheritance laws.

For the first time in history, Gen Z and Millennials now outnumber Baby Boomers at the ballot box in Australia, marking a seismic change in the country’s political landscape.

Experts say this electoral milestone could spark major reform debates on taxation, superannuation, and inheritance laws as younger voters prioritise different values.

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Money

Stocks decline as tariffs and trade tensions escalate

Stocks drop as tariffs worry investors; gold hits record high; Canada resists U.S. annexation talk.

Published

1 week ago

May 7, 2025

Ahron Young

Stocks drop as tariffs worry investors; gold hits record high; Canada resists U.S. annexation talk.

In Short:
Stock indexes declined on Tuesday after a nine-day winning streak, while gold prices soared amid economic concerns. Major companies like Ford and Mattel adjusted forecasts due to tariff impacts, and the trade deficit hit a record high of $140.5 billion.

Stock indexes fell on Tuesday, following declines in the Dow and S&P 500 after a nine-day winning streak.

Gold prices reached a new record as markets reacted to ongoing economic concerns.

The downturn persisted following a meeting between Canadian Prime Minister Mark Carney and President Trump, where Carney rejected any notion of Canada being for sale.

Investors showed continued apprehension about the impact of U.S. tariffs and the absence of new trade agreements, particularly as major companies like Ford and Mattel suspended annual guidance due to tariff uncertainties.

Ford impact

Ford, while less affected than competitors, estimated potential tariff impacts could reduce profits by $1.5 billion, prompting a 2.8% increase in its stock.

In contrast, Mattel’s stock rose by 2.6% after it signalled a potential increase in U.S. toy prices, anticipating a $270 million hit from tariffs, while also planning to move manufacturing from China.

Both WK Kellogg and Marriott International adjusted their financial forecasts downward due to tariff-related challenges and broader economic uncertainties.

Clorox shares fell sharply after the company updated its guidance to reflect tariff impacts.

Additionally, President Trump indicated he would announce the details regarding pharmaceutical tariffs within two weeks.

On a related note, new data revealed the trade deficit reached a record $140.5 billion in March, exceeding economists’ expectations and reflecting a surge in imports amid trade policy changes.