|Bid||5.08 x 0|
|Ask||5.10 x 0|
|Day's Range||5.05 - 5.12|
|52 Week Range||4.20 - 5.97|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2022 - Feb 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 02, 2020|
|1y Target Est||6.15|
SYDNEY (Reuters) -Qantas Airways Ltd has pared about a third of planned domestic and international capacity in the March quarter to better match travel demand after a rise in COVID-19 infections, it said on Thursday. Qantas has not made material capacity adjustments for the fourth quarter, it added. The Australian carrier is the latest airline globally to make major March quarter capacity cuts as the highly infectious Omicron variant of the coronavirus spreads globally, dampening travel demand and leading to rising sick calls among staff.
Qantas Airways on Thursday picked Airbus as the preferred supplier to replace its domestic fleet, switching from Boeing in a major win for the European planemaker that also triggered an upheaval in engine supplies. The Australian national airline said it had committed to buying 20 Airbus A321XLR planes and 20 A220-300 jets, along with options for 94 aircraft, pushing shares in France-based Airbus 3% higher in early European trading. "This is a clear sign of our confidence in the future and we've locked in pricing ahead of what is likely to be a big uptick in demand https://www.reuters.com/business/aerospace-defense/airlines-place-their-bets-looking-past-pandemic-renew-fleets-2021-12-15 for next-generation narrowbody aircraft," Qantas Chief Executive Alan Joyce said.
European jet maker Airbus's 40 planes ordered by Qantas have a list price of at least $4.6 billion, a media report says.