Qantas Shares Take a Plunge

[AustraliaPoochie]

Imagine if it was HNA or Hainan putting their Aussie eggs in 2 baskets.

 

[JohnK]

Rumours that a Chinese Airline will buy a stake in Qantas.

Why not. Qantas can then be a truly domestic airline.

 

[QF WP]

From a Bankers Trust fund manager release to me today:

Although falling oil prices would usually be supportive of the stock, Qantas (QAN) saw nobenefit with the share price down over the week. Qantas has seen a material improvement in yields following capacity cuts earlier in the year and is well-positioned to capitalise on its dominant position as both a full service and budget airline.This improvement in yields is yet to be factored into the share price.Meanwhile Virgin (VAH)has publicly announced details surrounding its 1:1 stock offer, which will raise $1 billion in capital. About $500 million will be used to pay off existing debt while $200-300 million will fund further restructuring.Underlying profits remain negligible and Virgin’s capital position is significantly worse than markets anticipated.

 

[clazman]

Any ideas on why the QF shares are going gang busters?

 

[Buzzard]

Share price reflecting their true worth?
Oops, I thought the price tanked but it seems to have taken off.

 

[whatmeworry]

Any ideas on why the QF shares are going gang busters?

Maybe this or PER-LHR sales going well.

Qantas will hold a third-quarter trading update tomorrow that could also provide an insight on the program.

Nocookies | The Australian