Tag: QAN

Qantas shares were sold off and then drifted higher yesterday in the wake of the announcement of another lift in dividend and share buyback.

Virgin has just upgraded its outlook despite higher fuel costs, yesterday Qantas said it is looking at a rise in first-half revenues because of a rise in forward bookings and higher airfares have helped offset rising fuel costs.

A touch of turbulence for Qantas shares yesterday in the wake of the release of its 2017-18 results with the expected super profit and dividend, plus a buyback.

Richard Goyder, the man who ran Wesfarmers for 12 years will become chair of Qantas – as well as chairing Woodside, and heading up the AFL.

Qantas joined the Confession Season yesterday on the upside with confirmation of previous markets for a solid rise in earnings to an new all time record for the year to June 30.

Meanwhile Qantas has sold its catering arms to its global alliance partner Emirates, in a move it says will help it to focus investment in its core airline operations.

Shares in Australia’s Qantas gained as much as 7.5% on Thursday after the company reported underlying pre-tax first-half profits had come in above expectations and announced plans for a share buyback of up to $378 million.

Qantas (QAN) says its first-quarter revenue is up 5.1% to $4.19 billion as trading conditions in both the domestic and international markets improved over the same period last year.

Local investors seem desperate for a positive story at the moment.

Qantas shares might have taken a bit a pounding yesterday in the wake of a downgrade by an analyst, but the real news was in a statement form the company where for the first time we had a look at the contenders to replace current CEO, Allan Joyce when he gets itchy feet after 10 years in the job..

Like its Trans-Tasman rival, Air NZ, Qantas has delivered its second-highest profit ever in the year to June.

Investors liked the interim figures from Qantas (QAN) yesterday, sending the shares up more than 5% a day after they rose 2% ahead of the release on Wednesday.

Qantas shares hardly reacted to the news yesterday that it had abandoned one of its major offshore route strategies.

Qantas (QAN) warned yesterday in its first ever quarterly trading update that it expects underlying first-half net profit to fall by up to 13% as the oversupply of international capacity sees air fares slide to some of the lowest seen for 20 to 30 years.

So what do you reckon is the more important news for Qantas shareholders – a return to flights too and from Beijing, or a surprise earnings downgrade from major Asian rival, Cathay Pacific?

Qantas and the market are back in love. Several months of estrangement saw investors and analysts marking back the prospect for the airline as global oil prices rose to more than $US50 a barrel. That saw the shares sold off from their most recent highs in April around $4.16 to a low of $2.61 in late June as oil prices peaked, only to fall sharply in July and early August before rebounding again.

Qantas (QAN) is returning to paying dividends to shareholders and announced another buyback after revealing a record profit for the year to June 30.

Qantas (QAN) shares plunged yesterday after the airline and its Jetstar subsidiary annouced they were cutting back planned flights on domestic routes in response to reduced demand for seats from Australian consumers.

Qantas shares sold off yesterday despite the airline beating interim earnings estimates and announcing a $500 million share buyback, revamping customer lounges and promising to start wi-fi across its domestic flights in 2017.

Could Qantas (QAN) shareholders be in for a second reward after the airline revealed it is on track for a record full year profit, just two years after its biggest ever loss?

Qantas (QAN) shares rose solidly yesterday after the company and ratings group Standard & Poor’s combined to produce a ratings upgrade to return the airline to the prized investment grade level.

Long suffering Qantas (QAN) shareholders are about to be rewarded for the first time in six years with a capital return of 23 cents a share.

Better news for Qantas (QAN) with ratings group Moody’s lifting its outlook rating to positive from stable as the airline completes its cost cutting program and moves to profit.

A smaller boost to Qantas (QAN) shares yesterday as the glow from the upbeat investor day briefing on Tuesday faded somewhat.

Boom, boom – not the sound of a jet breaking the sound barrier, but Qantas (QAN) shares taking off yesterday after one of the most upbeat briefings delivered by the airline’s management in recent years.

Qantas (QAN) has again stiffed shareholders by withholding an interim dividend, despite storming back to profit in the six months to December 31, thanks to the plunge in oil prices and the bitter cost cutting of the past 18 months.

Qantas (QAN) shares went for another big run yesterday – for the second time in a month – when the airline confirmed previous comments from senior management that it would return to an operating profit in the current half year.

As we pointed out in yesterday’s market report, Qantas (QAN) shares rose strongly last week as oil prices fell, culminating with Friday’s 9% surge as OPEC failed to cut production.

Ignore the headline loss for Qantas (QAN) of $2.85 billion – most of that was house cleaning by management taking an axe to the value of much of the airline’s ageing fleet of planes, such as 747s.

Investors made their views about yesterday’s Qantas (QAN) announcement very clear, and very quickly – they didn’t like it and sold off the shares by more than 8% at one stage, before they ended down 9% at $1.155.

Qantas (QAN) has confirmed that it will cut 5,000 jobs, sell leases on airport terminals and retire older passenger jets (something that should have been done well before now) in an attempt to regain profitability for the struggling airline.

Qantas (QAN) has gone the whole hog of job cuts, massive loss forecast, sale options, pay freezes (and a cut for CEO Alan Joyce).

It’s not quite clear why Qantas shares rose strongly yesterday.

So Qantas shareholders had no dividend in the 2011 financial year, they have watched the share price fall 16% so far this calendar year, and now they will be told, if they can understand it, that CEO Alan Joyce received a 71% pay rise to $5 million.

Investors were left a bit surprised, and not that impressed, with Qantas’s announcements yesterday.

Qantas Airways has hacked into its overly ambitious expansion plans for the second time in three months as weak growth and high fuel cost carve a hole through the company’s operations.