25/09/2023 16:53

QANTAS (QAN) $5.23

QAN -1.51%: the troubles at the flying kangaroo continued today with more money being thrown at upgrading the customer experience and oil prices weighing on earnings. The airline will spend an additional $80m to address ‘pain points,’ as they put it.

Read more

08/09/2023 09:09

Qantas Airways Ltd (QAN) $5.57

QAN shares fell another -2.3% yesterday compounding what’s already been a torrid time for the flying kangaroo, a period which has included an arguably forced early exit of CEO Alan Joyce.

Read more

11/07/2023 09:15

Qantas Airways Ltd (QAN) $6.11

QAN has recovered strongly post-COVID but it still screens cheaply trading on an Est. 6.4x earnings valuation for FY23, this household name has evolved from the shocks of 2020 as a leaner business with better margins e.g. they are aiming for 18% in the domestic business vs ~13% in FY19 while the international side is also improving.

Read more

30/05/2023 16:50

QANTAS (QAN) $6.59

QAN +2.65%: the flying kangaroo hosted an investor day today to set the scene for the next few years as they prepare for the exit of CEO Alan Joyce. Qantas has exited the COVID disruption as a leaner business with better margins, aiming for 18% in the domestic business vs ~13% in FY19.

Read more

23/02/2023 16:49

Qantas (QAN) $6.03

QAN -6.8%: the flying kangaroo was brought back to earth today after a tough reaction to their 1H results. Underlying Profit Before Tax (PBT) of $1,428m was near the top end of the $1.35-1.45b guidance range, while EBITDA was in line and they even announced a $500m buyback.

Read more

23/11/2022 16:54

Qantas (QAN) $5.28

QAN +5.28%: Rallied today on another earnings upgrade just 6 weeks after their last one, the flying Kangaroo now saying profit before tax (PBT) would be $1.35-1.45bn for 1H23, a $150m increase on their last update. While only early days, the momentum is clearly strong in QAN and we suspect they’ll look to re-charge their current $400m share buy-back...

Read more

13/10/2022 16:52

Qantas (QAN) $5.62

QAN +8.70%: The flying Kangaroo said 1H23 profit before tax would be in the range of $1.2-$1.3bn, ‘slightly’ ahead of the consensus of ~$500m and compares to FY consensus of $1.16bn i.e. it was simply a stunning update with Qantas cashing in on exorbitant airfares with 1H earnings likely to be more than what analysts were expecting for the full year. They said...

Read more

06/09/2022 08:49

Qantas Airways Ltd (QAN) $5.11

Australia’s flagship airline QAN has been trading around $5 for over 2-years with a couple of failed forays in both directions. The flying kangaroo delivered a significant loss last month for FY22 but the numbers were largely in line with expectations and they also launched a controversial share buy-back which helped the stock enjoy a minor relief rally.

Read more

25/08/2022 17:51

QANTAS (QAN) $4.86

QAN +7.05%: the flying kangaroo posted significant losses for FY22 however the numbers were largely in line with expectations and performance continues to improve. Underlying EBITDA in the second half was $526m, towards the top end of guidance, assisted by a further @270m of annualized cost savings delivered in the 12 months. Domestic...

Read more

11/08/2022 09:04

Qantas Airways Ltd (QAN) $4.64

MM cut our QAN holding back in mid-July adding to OZ Minerals (OZL) and IGO Ltd (IGO) with some of the money, obviously not all switches work out this well but today we are considering what next for QAN after it’s failed to meaningfully bounce from its 2022 low. While we no longer see any reason fundamentally or technically to wade back into QAN a “false dip” towards fresh 2-year lows we believe will offer some reasonable risk/reward.

Read more