Qantas Airways News

Australia will evacuate more than 200 of its citizens onboard a coronavirus-stricken cruise ship being held under quarantine in the Japanese port of Yokohama, Prime Minister Scott Morrison said on Monday.Morrison said the passengers will depart on Wednesday and will be taken to Australia's tropical north, where they will be required to be quarantined for another 14 days.The Diamond Princess cruise ship, owned by Carnival Corp , has been quarantined since arriving in Yokohama on Feb.

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their fuel costs as they wait for oil to dip below $70 a barrel in hopes of securing lower prices, industry executives said on Friday. The benchmark Brent crude oil price fell more than $6 to under $72 a barrel on Thursday, its lowest since July 2010, after the Organization of Petroleum Exporting Countries opted against cutting production even though a supply glut is pulling down prices. Airlines "hedge" some of their fuel needs - or buy fuel in advance at future, pre-determined prices - to reduce the impact on earnings of any volatility or increases in prices.