Nov 4 (Reuters) - Qantas Airways Ltd (QAN) :
- PANDEMIC COST CO A$7 BILLION IN LOSSES AND MORE THAN A$25 BILLION IN REVENUE OVER TWO -AND-A- HALF YEARS
- EXPECTS TO CONSIDER OPPORTUNITIES TO MAKE FURTHER DISTRIBUTIONS ACCORDING TO FINANCIAL FRAMEWORK
- A$400 MILLION BUYBACK ANNOUNCED IN AUGUST IS NOW 59% COMPLETE
- GROUP IS IN A FAR BETTER POSITION THAN JUST 12 MONTHS AGO
- CLOSELY FOLLOWING CHANGES PROPOSED FOR AUSTRALIA'S INDUSTRIAL RELATIONS SYSTEM
- CONCERNED PROPOSED CHANGES FOR AUSTRALIA'S INDUSTRIAL RELATIONS SYSTEM "EFFECTIVELY DISMANTLE ENTERPRISE BARGAINING SYSTEM"
- CONCERNED "LOWERING BAR FOR COMPULSORY ARBITRATION & ENFORCING MULTI-EMPLOYER BARGAINING WOULD EFFECTIVELY LEAD TO CENTRALISED WAGE SETTING"
- AROUND 85% OF WORKFORCE IS COVERED BY AGREEMENTS THAT ARE NEGOTIATED WITH UNIONS
- INVESTING MORE THAN A$200 MLN THIS FINANCIAL YEAR ON OPERATIONAL RESILIENCE
- "INDUSTRY IS STILL DISCOVERING BROKEN LINKS IN SUPPLY CHAIN THAT ARE NOW THREE OR FOUR LEVELS DEEP, AND WILL TAKE TIME TO FIX"
- PREPARED FOR A POTENTIAL SPIKE IN SICK LEAVE IF THERE IS ANOTHER WAVE OF COVID, AS SEEN LAST SUMMER
- WE'LL HAVE UP TO 20 AIRCRAFT ON GROUND OVER SUMMER PEAK TO HELP MINIMISE DELAYS
- ONCE CONDITIONS NORMALISE, SEES NATURAL DOMESTIC MARKET SHARE POSITION OF AROUND 70%, UP FROM HIGH 60S CURRENTLY
Nov 4 (Reuters) - Qantas Airways Ltd (QAN) : PANDEMIC COST CO...
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$11.41 |
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Mkt cap ! $17.26B | |||
| Open | High | Low | Value | Volume |
| $11.88 | $11.92 | $11.41 | $49.00M | 4.227M |
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| 4 | 8697 | $11.40 |
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| Price($) | Vol. | No. |
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| $11.41 | 10000 | 1 |
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| QAN (ASX) Chart |