Fuel costs is QANTAS biggest expense. So lower fuel costs will improve the bottom line a lot
Fuel costs are whatever they have hedged at. Qantas does not tell us*, although Air New Zealand gives the information in detail. If Qantas has no hedges, then the drop is a huge benefit. If they've hedged at $100, then that's what they are paying. The massive fuel surcharge on long flights is till on.
*Qantas did make a book entry admitting to 'negative fuel hedge expense' a couple of years ago.
Good luck to those who got on board early, its been a terrific ride. A gain is a gain, and rare enough in current market.
A lot of leadership has come from booming airline stocks in the US.
Fuel costs is QANTAS biggest expense. So lower fuel costs will...
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Last
$6.11 |
Change
-0.040(0.65%) |
Mkt cap ! $9.956B | |||
| Open | High | Low | Value | Volume |
| $6.15 | $6.18 | $6.10 | $23.17M | 3.811M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 17514 | $6.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.12 | 10000 | 1 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$6.11 |
Change
-0.040 ( 0.64 %) |
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| Open | High | Low | Volume | ||
| $6.18 | $6.18 | $6.10 | 802986 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| QAN (ASX) Chart |