|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.69 - 18.69|
|52 Week Range||9.90 - 21.55|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||N/A|
When Virgin Australia teetered on the brink of collapse as Covid-19 grounded flights, Qantas Airways chief executive Alan Joyce warned against bailing out the airline. Canberra subsequently rejected Virgin’s request for a A$1.4bn loan and within weeks Qantas’s main rival entered administration, a process that led to 4,000 job losses and a big reduction in capacity under new owner Bain Capital. Since then Qantas has adopted a more positive approach towards financial aid and snaffled up to A$2bn through taxpayer funded Covid-19 schemes, according to FT calculations.
Qantas Airways Limited ( ASX:QAN ), might not be a large cap stock, but it saw a double-digit share price rise of over...
Qantas Airways Ltd said it expected domestic travel would top pre-pandemic levels next financial year as it raised its forecast for the current quarter on the back of strong demand in a country nearly free of COVID-19. A return to 90% of pre-pandemic domestic capacity in the fourth quarter ending June 30 will allow it to report positive cashflow and begin repairing a balance sheet burdened by extra debt that helped get it through the pandemic, Chief Executive Alan Joyce said on Thursday. The airline entered the crisis with one of the industry's strongest balance sheets, though its biggest domestic rival, Virgin Australia, benefited from a bankruptcy restructuring that allowed it to cut fixed costs more than Qantas.