QABSY - Qantas Airways Limited
| Previous close | 16.17 |
| Open | 16.30 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 16.30 - 17.29 |
| 52-week range | 6.43 - 26.00 |
| Volume | 17,988 |
| Avg. volume | 34,420 |
| Market cap | 4.866B |
| Beta (5Y monthly) | 0.37 |
| PE ratio (TTM) | 8.25 |
| EPS (TTM) | 2.06 |
| Earnings date | N/A |
| Forward dividend & yield | 0.89 (5.96%) |
| Ex-dividend date | 28 Feb 2020 |
| 1y target est | N/A |
- Reuters
Qantas to reactivate plans for Sydney-London flights when financial strength returns
Qantas Airways Ltd <QAN.AX> will reactivate plans to order airplanes capable of the world's longest non-stop commercial flights from Sydney to London when the airline returns to financial strength, its chief executive said on Friday. "I think the business case for doing it is very strong," Qantas CEO Alan Joyce said on a tourism industry webcast. Qantas on Thursday said it would triple domestic capacity to 15% of normal levels by the end of the month, with the potential to rise to 40% of normal in July if state border restrictions ease.
- Reuters
Qantas, Air New Zealand to boost domestic capacity as restrictions ease
Australia's Qantas Airways Ltd <QAN.AX> and Air New Zealand Ltd <AIR.NZ> on Thursday outlined plans for significant boosts to domestic capacity as pandemic-related travel restrictions ease, sending their shares higher. Qantas said it would lift domestic capacity to 15% of pre-pandemic levels by the end of June, up from 5% now. The airline said more flights are likely in July depending on travel demand and further opening of state borders, with the ability to increase to up to 40% of pre-crisis capacity by the end of July.
Reuters VideosU.S. airlines ramp up flights to the great outdoors
Airlines from America to Australia are ramping up flights in June and July, with U.S. carriers targeting the great outdoors. They're boosting hopes for a pickup in tourist traffic, even as global travel remains slow during the ongoing health crisis. Major airlines American and United each announced more flights to key U.S. destinations where national parks and other outdoor recreational spaces are reopening. United is adding more non-stop flights to places like Aspen, Colorado and Jackson Hole, Wyoming, where it said quote "social distancing is a natural feature" in the scenic landscapes. But even with the increased flights, analysts expect overall U.S. airline capacity will still be drastically lower this year. Without the bounceback of business travel, they say the amount of revenue airlines make will likely remain negative. Meanwhile, Emirates is restarting transit flights through hubs like Abu Dhabi and Dubai, and Australia's Qantas Airways outlined plans on Thursday (June 4) to boost domestic capacity. On Friday (June 5) Qantas also said that once it's back up to financial strength it'll restart plans to order plane to fly the world's longest nonstop commercial flight from Sydney to London.
- Reuters
Australia's Qantas set to ramp up domestic flights without social distancing
Qantas Airways Ltd <QAN.AX> could restart 40-50% of its domestic capacity in July if states relax border controls, and expects to offer low and flexible fares without social distancing measures to stimulate travel demand, its chief executive said on Tuesday. The airline will introduce measures on board from June 12 such as providing masks and cleaning wipes to ensure safe travel and give passengers peace of mind during the pandemic, but will not leave middle seats empty. "Social distancing on an aircraft is impractical," Qantas Chief Executive Alan Joyce told media.
- Reuters
Qantas pauses plane deliveries from Airbus, Boeing due to virus
Qantas Airways Ltd said on Monday it had advised Airbus SE and Boeing Co that it did not expect to take delivery of any new planes in the near term as it grapples with a plunge in demand due to the coronavirus pandemic. The airline had expected to add three Boeing 787-9 jets to its fleet by the end of 2020 and to start taking delivery in August of the first of 18 Airbus A321neos due by 2022. There is no longer a specific timeline for them to arrive because the market is too uncertain, a Qantas spokesman said, confirming a report on travel website Executive Traveller.
- Reuters
Australia ties up with airlines to carry produce, seafood to Asian markets
Australia on Wednesday said it has reached agreements with Singapore Airlines <SIAL.SI> and Qantas Airways Ltd <QAN.AX> to carry foods to Asian markets, part of a government initiative to help businesses hit hard by the new coronavirus. Qantas from Thursday will begin a weekly flight from the country's north to Hong Kong carrying seafood and other produce from Queensland state, while Singapore Airlines will carry food from the state of South Australia, the government said. Australia's trade minister, Simon Birmingham, said the agreements would help re-establish direct freight routes for exporters who have been struggling to ship overseas during the pandemic.
- Reuters
Qantas secures more funding to wait out coronavirus crisis; shares rise
Qantas Airways Ltd said on Tuesday it had secured enough funding to last it through the end of next year, boosting its shares, as it reviews its fleet with the expectation that most international travel could take years to rebound. The Australian carrier secured A$550 million ($352.99 million) against three of its Boeing Co 787-9 aircraft and said it could raise another A$2.7 billion from other aircraft assets if needed. "This means we are very well placed to ride this out and to take part in the recovery when it arrives," Qantas Chief Executive Alan Joyce told reporters.
- Reuters
Coronavirus casualty Virgin Australia could prosper under new owners
Virgin Australia's <VAH.AX> entry into administration could give any successful bidder for the country's second-biggest airline the chance to free it from a complex ownership structure that has slowed decision making and been blamed for years of losses. Hit hard by the fallout from the coronavirus pandemic, Virgin appointed an administrator on Tuesday to try to sell the airline and more than 10 parties have expressed an interested in recapitalising it. Its losses are largely down to its international and budget divisions and efforts to turn the airline around have been often stymied by a board that includes representatives from the five foreign investors who control more than 90% of the company.
- Reuters
Vietnamese airlines to resume flights after virus lockdown eases
Vietnam's VietJet Air and state carrier Vietnam Airlines will resume some domestic flights from Thursday after the government eased a 15-day lockdown for some parts of the Southeast Asian country. Late on Wednesday, Vietnam's government extended a two-week period of social distancing for 12 provinces in the country, including capital Hanoi and the southern business hub of Ho Chi Minh City, but lifted those measures for most rural areas. The Civil Aviation Authority of Vietnam (CAAV) had previously said that domestic flights would remain suspended to fully comply with social distancing measures.
- Reuters SG
Cash-strapped Virgin Australia grounds almost all domestic flights amid virus crisis
Virgin Australia Holdings Ltd said on Thursday it would ground all domestic flights, except a single daily Sydney-Melbourne service through June 15, as it continues to seek government aid to weather the coronavirus crisis. Australia's second-biggest airline has asked the government for a A$1.4 billion loan that could be converted to equity in certain circumstances. "As a result of government restrictions, less people are travelling and we have made changes to our schedules to reflect this," Virgin said of the latest capacity reduction.
- Reuters SG
Coronavirus rocks Asia Pacific lending
Syndicated lending in Asia Pacific plunged to the slowest quarter in eight years as the coronavirus pandemic took its toll with several countries imposing lockdowns and grinding a range of business activities to a halt. Loan volumes in Asia Pacific (ex-Japan) dropped 39% to US$68.92bn in the first quarter from US$113.79bn a year ago, while dealflow shrunk to 221 from 377 loans completed in the same period, according to Refinitiv LPC data. The volumes for the first three months of 2020 represent the lowest quarterly tally since the first quarter of 2012 when lending in Asia Pacific slumped to US$62.21bn from 231 deals in the aftermath of the 2011 eurozone crisis.
- Associated Press
The Latest: China reports 36 new COVID-19 cases
China’s National Health Commission on Wednesday reported 36 new COVID-19 cases, one day after announcing that asymptomatic cases will now be included in the official count. The commission said all but one of the new cases was imported from abroad, while seven more deaths from the disease had been reported over the previous 24 hours. The commission did not say if any of the new cases were asymptomatic but on Tuesday reported that, of a total of 1,541 asymptomatic cases now being isolated and monitored for symptoms, 205 had come from overseas.
- Reuters
Israel offers desert airport Ramon as parking for foreign planes
Israel is offering its second-biggest airport as a place for foreign carriers to park planes grounded by the coronavirus outbreak, an Israeli official said on Monday. The Israel Airports Authority said it was in touch with several airlines about parking in Ramon Airport, in Israel's southern desert, which could accommodate about 100 planes. Israel opened Ramon last year to encourage tourism to the nearby Red Sea port of Eilat and serve as a wartime alternative to Tel Aviv's Ben Gurion Airport, the country's main gateway.
- Reuters
Qantas says pilots approve pay deal covering Sydney-London flights
Australia's Qantas Airways Ltd <QAN.AX> said on Monday that pilots had voted in favour of a pay deal that would pave the way for the airline to fly the world's longest non-stop commercial flights from Sydney to London. Due to the coronavirus pandemic, the airline has cancelled all its international flights through at least the end of May and pushed a decision on whether to order up to 12 Airbus SE <AIR.PA> A350-1000 planes for the Sydney-to-London flights to the end of the year from an earlier deadline of end-March. "The extraordinary circumstances facing aviation has seen Airbus agree to extend the deadline on our decision to purchase the A350s so we can both focus on navigating the coronavirus crisis," Qantas Chief Pilot Dick Tobiano said in a statement.
- Reuters
Qantas shares soar on financing deal as rivals cut more capacity
Qantas Airways Ltd <QAN.AX> on Wednesday secured A$1.05 billion ($627.8 million) against its aircraft fleet to help it ride out the coronavirus crisis, sending its shares soaring, as airlines in the Asia-Pacific region sliced away capacity and jobs. Qantas raised the financing against seven of its Boeing Co 787-9s for up to 10 years at a 2.75% interest rate, showing there is still low-cost funding available to airlines with strong fundamentals even as the global industry calls for more government aid to help replace an estimated $250 billion of lost revenue in 2020. "Over the past few years we've significantly strengthened our balance sheet and we're now able to draw on that strength under what are exceptional circumstances," Qantas Chief Executive Alan Joyce said in a statement.
- AFP
Qantas probed over allegedly using crisis to try to sink rival
Australia's consumer watchdog said Tuesday it was investigating Qantas for alleged anti-competitive behaviour, after its CEO appeared to call for rival Virgin Australia to be cut out of a massive government bailout. Australian Competition and Consumer Commission (ACCC) chair Rod Sims told AFP he had received a letter from Virgin Australia chief executive Paul Scurrah alleging Qantas had engaged in anti-competitive behaviour by "trying to send a message that Virgin was in trouble and would not survive" the coronavirus crisis.
- Reuters
Parking pain: Airlines, airports hunt for storage space as pandemic idles planes
Taxiways, maintenance hangars and even runways at major airports are being transformed into giant parking lots for more than 2,500 airliners, the biggest of which takes up about as much room as an eight-story building with a footprint 3/4 the size of an American football field. The number of planes in storage has doubled to more than 5,000 since the start of the year, according to Cirium data, with more expected to be parked in the coming weeks as carriers like Australia's Qantas Airways Ltd and Singapore Airlines Ltd proceed with further announced cuts to flight schedules. Its northwest landing runway, including taxiways and bridges, has been converted to an aircraft parking lot for Lufthansa, Condor and other airlines.
- Reuters
Steep capacity cut leaves airlines with overhedged jet fuel headache
SYDNEY/SINGAPORE, March 20 (Reuters) - The collapse in global passenger flights has left airlines with fresh challenges: how to manage overhedged jet fuel positions as oil prices crashed to just a third of some contracts agreed in anticipation of rising prices and solid air travel demand. With a sharp plunge in oil prices and the rapid spread of the flu-like virus globally raising uncertainty when and how strongly air travel demand will recover, airlines are now left counting the cost of their heavy fuel hedging. "Given the substantial reduction in our capacity, we do have an overhedged position and that will come at a cost... that we'll realize in the next couple of months," Australia's Qantas Airways Ltd Chief Financial Officer Vanessa Hudson told analysts this week.
Reuters VideosAustralia's Qantas to cease international flights
Australia's top airline Qantas will halt all international flights due to the viral pandemic. They're on hold from late March until at least the end of May. The airline also said on Thursday (March 19) it would tell the majority of its 30,000 employees to take leave. This comes after Prime Minister Scott Morrison warned Australians to stop travelling overseas. (SOUNDBITE) (English) AUSTRALIAN PRIME MINISTER SCOTT MORRISON SAYING: "We are upgrading the travel ban on Australians to level 4 for the entire world. That is the first time that has ever happened in Australia's history. The travel advice to every Australian is "Do not travel abroad". Qantas says it will temporarily lay off about two thirds of its workforce with domestic services also affected, slashed by 60 percent. To preserve as many jobs as possible over the longer term, it is telling staff to use their paid leave. It's also offering options like leave at half pay and advance leave, though it said leave without pay was inevitable for some. Qantas joins other airlines around the world that are reeling from the virus as several countries have closed off their borders to try to halt the epidemic. The airline will delay the payment of its stock dividend, worth more than $100 million dollars - from April until September. And senior executives will go without pay until at least the end of the financial year. But it's better placed than others and said it could withstand six to 11 months of no flying before further cuts. Whereas a trade group representing major US airlines - including American and Delta- say government help to the tune of $50 billion dollars is needed to avoid collapse.
- AFP
Australian airline Qantas to cut all international flights
Australia's biggest airline Qantas said it would halt all international flights and suspend 20,000 staff in response to the coronavirus pandemic Wednesday, days after the island nation's other main carrier Virgin shut its overseas routes. Qantas said all of its international flights would be suspended by late March for at least two months after the government told citizens Wednesday to forego all overseas travel in a bid to halt the spread of novel coronavirus. "The efforts to contain the spread of coronavirus have led to a huge drop in travel demand, the likes of which we have never seen before," Qantas chief executive Alan Joyce said, adding that the airline would suspend 20,000 of its 30,000 staff during the shutdown.
- Reuters
Australia closes borders to coronavirus, pumps $56 billion into economy
Australia is closing its borders to foreigners and pumping about A$100 billion (49 billion pounds) into the economy as it seeks to minimise the blow from the coronavirus epidemic. Australia has recorded around 600 coronavirus infections and six deaths, a relatively small number compared to other countries, but officials are growing increasingly concerned about the prospect of an exponential rise in cases. With the majority of the cases originating overseas, Prime Minister Scott Morrison said on Thursday all non-Australian residents would be barred from entering the country from 9pm (1000 GMT) on Friday.
- Investing.com
Qantas Scraps All International Flights Until At Least End of May; Shares Down 16%
By Alex Ho
