Rolls Royce has paid Qantas $A95 million after an engine explosion on a flight to Singapore caused Qantas to ground its entire fleet of Airbus A380 jumbo jets.
The explosion, which happened last November, caused considerable disruption for Qantas and revealed safety concerns about the type of engine used.
The engine was a Rolls Royce Trent 900 and the incident prompted other airlines using the same type of engine to ground their planes.
Qantas revealed the payout from Rolls Royce in a profit guidance update issued to the Australian Stock Exchange (ASX) today.
But the explosion and subsequent grounding of its A380s was just one of a number of events that hurt Qantas’s bottom line recently.
Weather interruptions including the Queensland floods and the current volcanic ash clouds delays cost the airline $A206 million.
Qantas forecast a full-year profit of $A500 million to $A550 million.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Sky TV-Vodafone merger application highlights threats – including those to key sports content
- Labour's Twyford called out over 'race' comment
- New lawyers not doing 'much better' than job at McDonald's – report surprises
- Kiwi bus maker, director Allott embroiled in US fraud case
- Pushpay seeks at least $US30m through San Francisco-based investment bank
Most listened to
- NBR technology editor Chris Keall on hitting 4000 member subscribers
- National list MP Chris Bishop says Phil Twyford's accusation the government has made housing a 'race issue' is hypocritical
- InternetNZ's Andrew Cushen on the Search & Surveillance Act review - and his key areas of concern
- New Zealand Law Society president Kathryn Beck says young lawyers "will go" if the industry does not listen to a new report
- Craigs' analyst Stephen Ridgewell is forecasting Brexit will slow Xero's growth in Britain