burmans is right... Declining results but better than forecast, declining oil (jet fuel in particular took a big hit after the London business) and the promise of 1000 job cuts. Nothing like job cuts to excite the market.
Also the results gave the first quantitative indication of what the compensation package from Airbus is worth (over $100 million), more aircraft etc.
As for risk, they have been trading with a risk discount for a long time, hard to see how it can be discounted further.
why the uptick on poor results, page-6
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Last
$5.97 |
Change
0.050(0.84%) |
Mkt cap ! $9.695B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $5.98 | $5.92 | $5.971M | 1.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 24725 | $5.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.98 | 53050 | 42 |
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| Last trade - 12.29pm 25/07/2024 (20 minute delay) ? |
| QAN (ASX) Chart |