|Bid||0.00 x 888800|
|Ask||0.00 x 888800|
|Day's Range||3.5800 - 3.5800|
|52 Week Range||3.2000 - 4.3300|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Qantas Airways Ltd. risks learning that lesson with its ambitious plan to create a world-spanning network of ultra-long-haul routes. Fuel costs rose A$416 million ($296 million) in the first half, driving the carrier's key measure of underlying profit before tax to its biggest decline in four-and-a-half years, according to results announced Tuesday. The pain was particularly concentrated on longer overseas routes, which accounted for just over half of the increased kerosene spending. In the years since jet fuel prices reset lower in 2014, Qantas has been exchanging its fleet of aging and gas-guzzling Boeing Co. 747-400s for 787-9 Dreamliners, arguably the most efficient passenger jets in the skies.
Qantas Airways Ltd will start the ball rolling on replacing its domestic fleet, including 75 Boeing 737s, toward the end of this year with a decision on the type and number of aircraft expected in 2020, its chief executive said. The Australian carrier's move will launch yet another contest between Airbus SE and Boeing Co, the two biggest planemakers in the world. The models under consideration will include Boeing's potential new mid-sized airplane which "on paper looks like it could be a great aircraft for the domestic market", Qantas CEO Alan Joyce told Reuters on Thursday after the airline released its half-year results.
The Australian airline plans to fly non-stop from Sydney to New York and London by 2022, marathon routes that will be the world’s longest commercial services. As the two aerospace giants pitch to supply planes for the flights, Qantas Chief Executive Officer Alan Joyce is squeezing the arch-rivals for every dollar to make ‘Project Sunrise,’ as he calls it, viable.
Key InsightsQantas’s expectation that it will recover higher fuel costs for the full year reflects the airline’s dominance in its home market, as well as a moderation in the oil price toward the end of 2018That moderation is reflected in the airline’s forecast for its fuel bill this year to be A$3.90 billion -- less than the A$4.09 billion it previously anticipatedQantas is keeping capacity growth flat across its domestic and international routes in the second half. Get More“Looking ahead, we’re seeing strong forward bookings,” CEO Alan Joyce said in a statement.
Qantas is also stepping up work on making the estimated 20-hour journey to the U.K. capital and cities including New York and Paris more comfortable, Chief Executive Officer Alan Joyce said in an interview. A trip from Sydney or Melbourne to London would beat the longest-flight record held by Singapore Airlines Ltd.’s service from its home city to New York by 1,000 miles. “Boeing and Airbus are still working on the request for proposals,” he said in London.
Australia's Qantas Airways Ltd said on Thursday it formally cancelled a longstanding order for eight Airbus SE A380 superjumbo jets. A Qantas spokesman said the airline had formalised its decision to cancel the order for eight A380s following discussions with Airbus. Qantas has 12 A380s in its fleet and the spokesman said it would proceed with plans to refurbish the cabins starting in the middle of this year, with the jets set to remain flying with the airline "well into the future".
Australia's Qantas Airways Ltd said on Thursday it formally canceled a longstanding order for eight Airbus SE A380 superjumbo jets. A Qantas spokesman said the airline had formalized its decision to cancel the order for eight A380s following discussions with Airbus. Qantas has 12 A380s in its fleet and the spokesman said it would proceed with plans to refurbish the cabins starting in the middle of this year, with the jets set to remain flying with the airline "well into the future".
The Qantas Group on Friday confirmed that it had taken a 19.9 percent stake in Brisbane-based charter operator Alliance Airlines. The purchase appears to have taken the successful charter operator by surprise, with Alliance telling the Australian Stock Exchange that “the Board has not received any approach from Qantas.” Qantas spent $44 million (A$60 million) […] The post Why Qantas’ Surprise Stake in Alliance Worries Virgin appeared first on Skift.
Australia's Qantas Airways Ltd (QAN.AX) on Monday said customers were requesting in-flight innovations such as exercise bikes and virtual reality relaxation to pass the time on proposed 20-hour non-stop flights from Sydney to London. The airline expects to order Airbus SE (AIR.PA) A350 or Boeing Co (BA.N) 777X jets capable of flying the world's longest-ever commercial route later this year, with the first services starting in 2022. Focus group research as well as customer surveys of those who have flown on its 17-hour non-stop route from Perth to London have found health and wellness are the top trends, Qantas said in a statement.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use Qantas Airways Limited's (ASX:QAN) P/E ratio Read More...
Alan Joyce became the CEO of Qantas Airways Limited (ASX:QAN) in 2008. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar Read More...
The results put the country's flagship carrier on track to deliver relatively strong annual earnings despite headwinds from oil prices that have buffeted Asian rivals which are continuing to add more flights. "Our record passenger revenue performance for the first quarter meant that we were able to substantially recover higher fuel prices," Qantas CEO Alan Joyce said in a statement. Qantas, while hedged on 76 percent of its fuel for the year ending June 30, lifted its expected fuel bill on higher oil prices and a weaker Australian dollar.
Australia's Qantas Airways Ltd on Thursday said it would open a flight school for up to 250 pilots a year at a regional airport in Queensland to ease a pilot shortage, using U.S.-based L3 Technologies Inc as the training provider. Global airlines, including Qantas and its budget and regional subsidiaries, have been scrambling to increase the pool of qualified aviators as passenger growth continues to grow and ageing pilots retire.
The latest earnings update Qantas Airways Limited (ASX:QAN) released in June 2018 revealed that the company benefited from a robust tailwind, leading to a double-digit earnings growth of 15.0%. BelowRead More...
Qantas Airways Limited provides passenger and freight air transportation services in Australia and internationally. Qantas Airways’s insiders have invested more than 11.6 million shares in the large-cap stocks within theRead More...
If you are currently a shareholder in Qantas Airways Limited (ASX:QAN), or considering investing in the stock, you need to examine how the business generates cash, and how it isRead More...
In June 2018, Qantas Airways Limited (ASX:QAN) announced its earnings update. Overall, analysts seem cautiously bearish, as a 6.2% rise in profits is expected in the upcoming year, relative toRead More...
The support, however, came at a price - a shareholder register dominated by airline partners with competing interests and a sometimes fractured board. Chairman Elizabeth Bryan said Virgin Australia had yet to short-list CEO candidates, meaning an appointment could take some time. In the domestic market, which accounts for two-thirds of Virgin's revenue, a stable duopoly has emerged with Qantas.
Important news for shareholders and potential investors in Qantas Airways Limited (ASX:QAN): The dividend payment of AU$0.10 per share will be distributed into shareholder on 10 October 2018, and theRead More...
Australia's Qantas Airways has formally canceled a longstanding order for eight Airbus A380 jets as new doubts have been raised about the future of the four-engined superjumbo. Jayson Albano reports.