|Bid||5.35 x 25257400|
|Ask||5.36 x 8220300|
|Day's range||5.28 - 5.39|
|52-week range||4.67 - 6.94|
|Beta (5Y monthly)||1.06|
|PE ratio (TTM)||5.75|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||02 Mar 2020|
|1y target est||N/A|
Shareholders of Australia's Qantas Airways voted overwhelmingly against the company's executive pay report, according to a tally of proxy votes shown at its annual meeting on Friday. Proxy votes that were cast before the meeting showed 83% against a resolution to adopt the company's remuneration report, compared to 17% in favour, according to a document shown at the meeting. The vote has no immediate consequences but if shareholders vote against a company's remuneration report for a second year, they may hold another vote on whether to remove the entire board.
After being roughed up by judges, lawmakers, regulators and its own employees, Australia's Qantas Airways faces its toughest grilling at its annual meeting on Friday as investors take the airline to task over a series of crises. The weight of public fury will most likely overshadow a record annual profit for the carrier in 2023 as shareholders respond to reputational blunders by voting against executive pay and other motions. "This year has seen a spectacular return to profit, but it is likely to be short lived," said retail investor group the Australian Shareholders' Association (ASA), citing numerous cost headwinds.
The AFAP on Friday indicated the pilots will stop work on Wednesday and Thursday in a bid to negotiate wages, which would have disrupt charter operations for the country's resources sector. Qantas on Tuesday said it placed contingency measures, including using aircrafts from the wider group and other airlines, to replace services that would have been impacted. Many mining and energy companies staff operations on a fly-in/fly-out model rather than permanently basing employees at remote sites, a business Network Aviation operates in.