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Qantas Airways Limited (QABSY)

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19.78+0.39 (+2.01%)
At close: 03:45PM EDT
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  • Reuters

    Australia's Qantas fine-tunes capacity as demand jumps, fuel prices surge

    "In practical terms, these changes will generally lead to a higher seat factor on flights across the Group," Qantas said in a statement. The airline said its international operations were seeing continued demand heading on to the northern summer period, as more governments remove pandemic-imposed travel restrictions. International capacity climbed to over 70% of pre-pandemic levels by the end of the first quarter of fiscal year 2023, compared with 50% at the end of the previous quarter, Qantas said.

  • Reuters

    Australia's Qantas to buy majority stake in TripADeal as leisure travel rebounds

    The deal includes a provision for Qantas to take full control of TripADeal in four years and is expected to add to the national flag carrier's earnings goals for full-year 2024. Qantas Loyalty was targeting a return to double-digit growth in 2022 and an underlying earnings before income tax of A$500 million ($354.85 million) to A$600 million by fiscal 2024, it added. Earlier this month, Qantas announced its decision to buy the remaining stake in Alliance Aviation Services for A$610.8 million to expand its presence in the charter business.

  • Simply Wall St.

    Qantas Airways Limited (ASX:QAN) Shares Could Be 36% Below Their Intrinsic Value Estimate

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Qantas Airways Limited...