04/10/2024 09:12

Qantas Airways Ltd (QAN) $6.97

On Tuesday, Qatar Airways announced it would buy 25% of Virgin Australia, which is bad news for Qantas (QAN). QAN was fortuitous in that Qatar was not allowed to take extra routes into Australia in mid-2023. Labor’s logic was flawed, in our opinion, and Australia paid the price with higher airfares, adding monies to Allan Joyce & Qantas’s coffers.

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31/07/2024 09:31

Qantas Airways Ltd (QAN) $6.18

QAN shares rose 1.6% on Tuesday, with the obvious initial read-through being less competition, which equals reduced pressure on pricing. However, it's not all good news, with REX likely to rise in some restructured form, potentially with government assistance. After last year's protectionist move towards Qatar Airlines by the Albanese government, it would only be fair to the taxpayer if QAN was made to run the less profitable/loss-making routes. However, we’re confident that won't eventuate. The benefit that QAN will enjoy from REX’s removed pricing pressure would be more than offset by filling the regional void if REX were to vanish for both tourism and industry.

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09/04/2024 09:16

Qantas Airways Ltd (QAN) $5.69

QAN rallied 4.8% on Monday as new CEO Vanessa Hudson looks to revamp its loyalty (points) program. They offered 20 million new reward seats in an effort to win back a disgruntled public – the estimated cost being $120mn in FY25. One such person was our very own Research Lead, Shawn, who brought tickets to Tokyo straight away. He commented that the points had been devalued around 8 times, but at least he could now use them.

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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.

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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.

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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.

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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.

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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.

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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...

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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...

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