|Day's range||0.170 - 0.175|
|52-week range||0.165 - 0.255|
|PE ratio (TTM)||-2.69|
|Dividend & yield||N/A (N/A)|
|1y target est||N/A|
Australian carriers Qantas and Virgin Australia told customers on Thursday not to use or charge Samsung's Galaxy Note 7 during flights after faulty batteries in the new smartphone caused some handsets to explode. Samsung, the world's largest smartphone maker, said last week it was suspending sales of its latest flagship mobile device and recalling 2.5 million units shipped globally following reports of exploding "phablets" that dealt a heavy blow to the firm's reputation. "Following Samsung Australia's recall of the Samsung Galaxy Note 7 Personal Electronic Device (PED), we are requesting that passengers who own them do not switch on or charge them inflight," a Qantas spokesman said in a statement.
Chinese aviation and tourism giant HNA is buying a 13 percent stake in Virgin Australia, the airline said Tuesday, just a week after the Hainan company scooped up part of Portuguese national airline TAP. HNA, led by Chinese billionaire Chen Feng and best known as the parent of Hainan Airlines, will pay Aus$159 million (US$115 million) for its share in the carrier, the Australian firm said in a statement. In April, HNA announced it would buy US-based Carlson Hotels, owner of the Radisson brand.
Air New Zealand announced it was considering selling its stake in Virgin Australia, saying it wanted to look at other uses for the capital it has tied up in the airline. The Kiwi flag carrier is Virgin Australia's largest shareholder, with a 25.89 percent stake worth about Aus$343 million (US$262 million) built up as the airlines forged an alliance against trans-Tasman rival Qantas. "Air New Zealand advises that it is exploring options with respect to its shareholding in Virgin Australia including a possible sale of all, or part of its shareholding," the airline said.