Ann: Qantas Group Market Update, page-7

First 7 Last

Share
Profile

Follow
AndySH

312 Posts.

38

20/05/21

11:30

Post #: 53300175
Share

Originally posted by Hopeful9: ↑

QAN also said this morning more international staff would be offered voluntary redundancy, but all have to apply to the company, which I assume will then select the 'hundreds' to be made redundant.

This must be cheaper for QAN than initiating compulsory retrenchments.

It's a sign that QAN does not believe international travel (in the foreseeable future) will return to the level at which it was at prior to the pandemic.

The huge reduction (by 80 per cent) in commissions to travel agents is more a run-of-the-mill costcutting measure, but as a travel agent said to me this morning, the industry association (AFTA) will in time negotiate with QAN as it's 14 months until the decrease supposedly kicks in.

My bet is QAN will regret having made this public pronouncement as heaps of us continue to use travel agents, so if they start promoting competitors even more, QAN will immediately suffer revenue losses. (I'm talking about when more borders open up in hopefully 2022, not today as there's uncertainty today, and QAN already said non-NZ international bookings for its now cancelled October -= December 2021 flights were low).

Expand

It only pissed ofg non holders. Current SP says it all.

QAN Price at posting: $4.67 Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

SGI

Stealth snaffles exclusive distribution rights for top tool products

Expect major mining change should the Liberals win this WA election – starting with 'a whole lot less red tape'

Labor working to see WA mining 'flourish' with approval upgrades, critical minerals focus

Listen: HotCopper Podcast 003 – Which saga lasts longer, White's WiseTech or the sinking Star?

ASX Market Close: Who remembers the 8,500pts level of...two weeks ago?

First 7 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $9.39		Change 0.500(5.62%)		Mkt cap ! $14.20B

Open	High	Low	Value	Volume
$9.20	$9.60	$9.18	$89.19M	9.556M

Buyers (Bids)

No.	Vol.	Price($)
1	500	$9.38

Sellers (Offers)

Price($)	Vol.	No.
$9.39	2038	1

View Market Depth

No.	Vol.	Price($)
1	500	9.380
1	20000	9.360
1	2000	9.350
3	22290	9.300
1	19990	9.280

Price($)	Vol.	No.
9.430	3535	2
9.440	1444	2
9.450	4063	3
9.460	1664	1
9.470	19990	1

Last trade - 16.10pm 27/02/2025 (20 minute delay)

QAN (ASX) Chart

Ann: Qantas Group Market Update, page-7

Stealth snaffles exclusive distribution rights for top tool products

Expect major mining change should the Liberals win this WA election – starting with 'a whole lot less red tape'

Labor working to see WA mining 'flourish' with approval upgrades, critical minerals focus

Listen: HotCopper Podcast 003 – Which saga lasts longer, White's WiseTech or the sinking Star?

ASX Market Close: Who remembers the 8,500pts level of...two weeks ago?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Qantas Group Market Update, page-7

Top Stories

Stealth snaffles exclusive distribution rights for top tool products

Expect major mining change should the Liberals win this WA election – starting with 'a whole lot less red tape'

Labor working to see WA mining 'flourish' with approval upgrades, critical minerals focus

Listen: HotCopper Podcast 003 – Which saga lasts longer, White's WiseTech or the sinking Star?

ASX Market Close: Who remembers the 8,500pts level of...two weeks ago?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News