QF back to profitablity and what do I get in mail? Share buyback.

[mviy]

Share buybacks are good for companies with erratic profitability and/or liquidity (ability to turn assets into cash to meet debt obligations etc.). If you pay dividends you want them to be sustainable year over year whereas with share buybacks you can adjust what you do based on the liquidity/profitability you have at the time with much less frustration to shareholders than cutting dividends they’re relying on for an income stream.

 

[ric_melb]

AP this is an on market share buyback. That is Qantas will repurchase shares on the open market. Unless you choose to sell shares, it will have no numerical effect on the number of shares you hold.