|Day's range||5.53 - 5.59|
|52-week range||2.58 - 5.64|
|PE ratio (TTM)||12.71|
|Earnings date||25 Aug. 2017|
|Dividend & yield||0.13 (3.07%)|
|1y target est||5.12|
Australian carrier Qantas Airways on Thursday posted a 7.5 percent hit to first half earnings, impacted by lower fares, greater competition and empty seats. Underlying profit before tax fell to Aus$852 million (US$656 million) for the six months ending December 31, but just beat the airline's own guidance. Qantas, which has turned itself around in recent years on the back of aggressive cost-cutting, said it was facing increased competition on international routes and a soft domestic market.
Australian carrier Qantas flagged on Monday a hit to first half earnings with falling international airfares offsetting a decline in fuel prices. Qantas shares initially slumped more than nine percent, but rebounded in early afternoon trade to be 3.7 percent higher at Aus$3.05. "Like most carriers globally, we are seeing international airfares below where they were 12 months ago," he said in a trading update.
Qantas customers travelling from Brisbane now have a stylish new space to relax, work and dine before their overseas flight, with the Qantas Brisbane International Lounge unveiled today. Qantas International ...