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.
qan up up up.., page-26
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Last
$6.20 |
Change
-0.020(0.32%) |
Mkt cap ! $10.10B | |||
| Open | High | Low | Value | Volume |
| $6.23 | $6.23 | $6.14 | $14.86M | 2.403M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20752 | $6.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.20 | 78943 | 7 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$6.16 |
Change
-0.020 ( 1.15 %) |
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| Open | High | Low | Volume | ||
| $6.22 | $6.22 | $6.15 | 5674178 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| QAN (ASX) Chart |