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Qantas Airways Limited (QAN.AX)

ASX - ASX Delayed price. Currency in AUD
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4.9400-0.0600 (-1.20%)
As of 12:33PM AEDT. Market open.
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Previous close5.0000
Bid4.9400 x 14364000
Ask4.9500 x 6953400
Day's range4.9400 - 5.0500
52-week range2.0300 - 5.7900
Avg. volume9,733,805
Market cap9.317B
Beta (5Y monthly)1.25
PE ratio (TTM)N/A
EPS (TTM)-2.0730
Earnings date25 Feb 2021
Forward dividend & yield0.26 (6.68%)
Ex-dividend date02 Mar 2020
1y target est7.08
  • Australia Considers Aid to Qantas, Others Once Wage Subsidy Ends

    Australia Considers Aid to Qantas, Others Once Wage Subsidy Ends

    (Bloomberg) -- Australia’s treasurer said he’s considering measures to support firms like Qantas Airways Ltd. and others that are still struggling with fallout from the coronavirus pandemic, once the government’s JobKeeper wage subsidy expires late next month.“We are looking at other measures that we can put in place post-JobKeeper to support a range of industries including the aviation sector,” Josh Frydenberg said in an interview with Sky News on Sunday.The Australian carrier has received A$459 million ($354 million) under the wage support program. It says it has 7,500 people allocated to overseas flights who will still be grounded from the end of March, when the subsidy ends, through to the end of October, when the airline expects international borders will reopen.“There’s no doubt that the aviation industry’s been hit and hit hard and Qantas having a 75% reduction in their revenue is testament to that,” Frydenberg said.Covid-19 travel restrictions drove Qantas to an underlying pretax loss of A$1.03 billion in the six months ended December from a profit of A$771 million a year earlier. Like airlines elsewhere in the world, Qantas’s attempts to fly even limited schedules have been repeatedly stymied by snap border closures within Australia and overseas.Frydenberg said the domestic market is set to improve as a Covid-19 vaccine is rolled out, confidence returns and state borders don’t close as frequently. The treasurer said that, in their most recent conversation, Qantas Chief Executive Officer Alan Joyce told him that in January 1,500 flights into Queensland alone had been canceled.200,000 Passengers“That was 200,000 passengers that would’ve otherwise gone into Queensland. That would’ve been hundreds of millions of dollars spent on tourism so the fact that we will see I think less border closures, less frequent border closures, and the vaccine rollout will be good news for their business,” Frydenberg said.“Internationally, those borders are remaining closed, effectively, for some time because obviously the world is still grappling with the virus,” Frydenberg added. JobKeeper, introduced in March 2020, paid firms to retain staff during shutdowns through the pandemic. Originally set as a flat payment of A$1,500 every two weeks for eligible employees, it’s since been tapered and ends on March 28.Frydenberg said in a speech Wednesday that 1.1 million people would be relying on the payment in the current quarter, some 200,000 fewer than the government estimated in its Mid-Year Economic and Fiscal Outlook released in December.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • TripActions Joins as UATP's Latest Merchant
    PR Newswire

    TripActions Joins as UATP's Latest Merchant

    UATP today announced that Palo Alto-based travel management company, TripActions, has become the latest Merchant to join the UATP Network.

  • If You Had Bought Qantas Airways' (ASX:QAN) Shares A Year Ago You Would Be Down 25%
    Simply Wall St.

    If You Had Bought Qantas Airways' (ASX:QAN) Shares A Year Ago You Would Be Down 25%

    The simplest way to benefit from a rising market is to buy an index fund. Active investors aim to buy stocks that...