June 24 (Reuters) - Qantas Airways Ltd (QAN) :
- ALSO ON TRACK TO RETURN TO UNDERLYING PROFIT IN FY23
- COST OF RECOVERY BOOST TO GROUP IS ESTIMATED AT AROUND A$87 MILLION IN FY22
- DOMESTIC CAPACITY REDUCTIONS TO HELP RECOVER HIGHER FUEL PRICES; NO CHANGE TO INTERNATIONAL
- EXPECTATION OF UNDERLYING EBITDA FOR 2H22 OF A$450-550 MILLION UNCHANGED
- GROUP IS ALSO ON TRACK TO RETURN TO UNDERLYING PROFIT IN FY23.
- NET DEBT IS EXPECTED TO FALL TO AROUND A$4.0 BILLION BY 30 JUNE 2022
- FOR JULY AND AUGUST, AN ADDITIONAL 5 PERCENTAGE POINTS OF CAPACITY WILL BE REMOVED ON TOP OF 10 PER CENT ANNOUNCED IN MAY
- THIS TOTAL 15 PER CENT CUT WILL ALSO BE APPLIED TO SEPTEMBER
- CUT OF 10 PERCENTAGE POINTS WILL BE APPLIED TO SCHEDULES FROM OCTOBER THROUGH TO END OF MARCH 2023
- GROUP'S PLANNED DOMESTIC FLYING DOWN TO 106 OF PRE-COVID LEVELS FOR Q2 OF FY23 AND 110 PER CENT FOR Q3
- JETSTAR CEO GARETH EVANS HAS MADE DECISION TO STEP DOWN FROM HIS CURRENT ROLE IN DECEMBER 2022
- INTERNAL RECRUITMENT PROCESS FOR JETSTAR CEO ROLE IS UNDERWAY, WITH A HANDOVER OF SEVERAL MONTHS EXPECTED
- GARETH WILL REMAIN WITH GROUP INTO NEXT YEAR TO WORK ON KEY PROJECTS BEFORE LEAVING DURING 2023
- NO CHANGES TO GROUP'S INTERNATIONAL CAPACITY PLANS
June 24 (Reuters) - Qantas Airways Ltd (QAN) : ALSO ON TRACK TO...
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$11.05 |
Change
-0.151(1.35%) |
Mkt cap ! $16.72B | |||
| Open | High | Low | Value | Volume |
| $11.22 | $11.24 | $10.96 | $53.77M | 4.896M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 13744 | $11.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.05 | 430 | 2 |
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| Last trade - 16.10pm 16/09/2025 (20 minute delay) ? |
| QAN (ASX) Chart |