Feb 18 (Reuters) - Qantas Airways Ltd (QAN) :
- WELCOMES DECISION ON PRICING PRINCIPLE IN PERTH AIRPORT COURT ACTION
- CONCERNED THAT ASSUMED RETURN ON INVESTMENT OF ALMOST 10% FOR PERTH AIRPORT COULD ULTIMATELY PUT SIGNIFICANT UPWARD PRESSURE ON FARES
- COURT'S DECISION UPHOLDS INDUSTRY STANDARD 'BUILDING BLOCK MODEL' OF SETTING PRICING FOR MONOPOLY AIRPORTS
- JUDGMENT SET FIGURE OF 9.6% AS ALLOWED RETURN ON THE INVESTMENT
- JUDGMENT COVERS A FIVE AND A HALF MONTH PERIOD FROM JUNE 2018 TO START OF LEGAL ACTION BY AIRPORT IN DECEMBER 2018
- DECISION WILL RESULT IN A 'TRUE UP' PAYMENT, WHICH WILL BE FINALISED THROUGH COURTS IN COMING WEEKS
- TRUE UP' PAYMENT WILL BE SIGNIFICANTLY BELOW WHAT PERTH AIRPORT DEMANDED AT START OF CASE
News: QAN Qantas Says Welcome Decision On Pricing Principle In Perth Airport Court Action
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$11.06 |
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| Open | High | Low | Value | Volume |
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