Qantas has deferred a decision on Project Sunrise to March 2020 as it narrows down the type of aircraft, advising there would be no regulatory obstacles from the Civil Aviation Safety Authority regarding non-stop flights.
The order size, yet to be placed with the manufacturer, is expected to be 12 aircraft in total. Buy rating and $6.90 target maintained.
Sector: Transportation.
Target price is $6.90.Current Price is $7.32. Difference: ($0.42) – (brackets indicate current price is over target). If QAN meets the Citi target it will return approximately -6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
