ASX Share rice
Wed 05 Aug 2020 - 12:29:am (Sydney)

QAN Share Price

QANTAS AIRWAYS LIMITEDQANTransportation

QAN Company Information

Name:

Qantas Airways Limited

Sector:

Industrials

Industry:

Airlines

GIC Industry:

Airlines

GIC Sub Industry:

Airlines

Address:

10 Bourke Road Mascot NSW Australia 2020

Phone:

61 2 9691 3636

Full Time Employees:

29586

CEO, MD & Exec. Director:

Mr. Alan Joseph Joyce M.A., M.Sc., MSc(MgtSc), AC, BApplSc(Hons), FRAe

Chief Exec. Officer of Qantas Loyalty:

Ms. Olivia Wirth

Chief Exec. Officer of Qantas Domestic & Freight:

Mr. Andrew Paul David

Chief Exec. Officer of Jetstar Group:

Mr. Gareth R. Evans

Chief Exec. Officer of Qantas International:

Mr. Tino La Spina

Company Overview:

Qantas Airways Limited provides passenger and freight air transportation services in Australia and internationally. The company also offers air cargo and express freight services; and customer loyalty programs. As of June 30, 2019, it operated a fleet of 314 aircraft. The company was founded in 1920 and is headquartered in Mascot, Australia.

QAN Share Price Information

Shares Issued:

1.49B

Market Capitalisation:

$4.86B

Dividend per Share:

$0.26

Ex Dividend Date:

2020-03-02

Dividend Yield:

7.98%

Revenue (TTM):

$18.22B

Revenue Per Share (TTM):

$11.59

Earnings per Share:

$0.553

Profit Margin:

0.0479

Operating Margin (TTM):

$0.07

Return On Assets (TTM):

$0.04

Return On Equity (TTM):

$0.29

Quarterly Revenue Growth (YOY):

0.028

Gross Profit(TTM):

$5.57B

Diluted Earnings Per Share (TTM):

$0.553

QuarterlyEarnings Growth(YOY):

0.036

QAN CashFlow Statement

CashFlow Date:

2019-06-30

Investments:

$-1,651,000,000

Change To Liabilities:

$792M

Total Cashflow From Investing Activities:

$-1,651,000,000

Net Borrowings:

$393M

Net Income:

$891M

Total Cash From Operating Activities:

$2.81B

Depreciation:

$1.50B

Other Cashflow From Investing Activities:

$-88,000,000

Dividends Paid:

$-363,000,000

Change To Inventory:

$-55,000,000

Change To Account Receivables:

$-177,000,000

Sale Purchase Of Stock:

$-735,000,000

Capital Expenditures:

$1.94B

QAN Income Statement

Income Date:

2019-06-30

Income Before Tax:

$1.27B

Net Income:

$891M

Gross Profit:

$9.76B

Operating Income:

$868M

Other Operating Expenses:

$1.95B

Interest Expense:

$232M

Income Tax Expense:

$374M

Total Revenue:

$17.60B

Total Operating Expenses:

$8.89B

Cost Of Revenue:

$7.84B

QAN Balance Sheet

Balance Sheet Date:

2019-06-30

Intangible Assets:

$1.02B

Total Liabilities:

$15.94B

Total Stockholder Equity:

$3.43B

Other Current Liabilities:

$89M

Total Assets:

$19.38B

Common Stock:

$1.87B

Other Current Assets:

$75M

Retained Earnings:

$1.60B

Other Liabilities:

$2.78B

Good Will:

$209M

Other Assets:

$1.40B

Cash:

$2.16B

Total Current Liabilities:

$8.58B

Short-Term Debt:

$506M

Property - Plant & Equipment:

$12.19B

Net Tangible Assets:

$2.21B

Long-Term Investments:

$456M

Total Current Assets:

$4.19B

Long-Term Debt:

$3.48B

Net Receivables:

$0.98B

Short-Term Investments:

$15.18B

Inventory:

$364M

Accounts Payable:

$2.47B

Non Currrent Assets (Other):

$449M

Short-Term Investments:

$15.18

Non Current Liabilities (Other):

$48M

Non Current Liabilities Total:

$7.37B

QAN Share Price History

QAN News

03 Aug, 2020
Many investors define successful investing as beating the market average over the long term. But the risk of stock...
Australian airline Qantas (AX: QAN) has suspended operations at its Melbourne airport freight facility even though the state of Victoria has exempted airports, ports and logistics providers from a partial lockdown order designed to contain a major COVID-19 outbreak.Qantas Airways said it was advised by the Victoria Department of Health and Human Services to temporarily shut down its Melbourne warehouse, suggesting authorities have discovered positive cases among workers there. The notice on the Qantas Freight website did not provide any further details."We are currently working closely with the department to ensure we can resume operations as soon as possible," it said.Victoria declared a "state of disaster" for the region on Sunday, August 2, as the novel coronavirus rapidly spreads across Australia's largest state. New restrictions include a nightly curfew, a ban on most travel except to pick up essential goods, and closing most retail and office locations, as well as some manufacturing, by the end of Wednesday, August 5.Grocery stores, pharmacies, banks and gas stations are also exempted from the lockdown. Retail stores will be permitted to operate contactless ‘click and collect' and delivery services with strict safety protocols in place, and hardware stores can remain open onsite, but for tradespeople only.Warehousing and distribution centers in Melbourne will be limited to no more than two-thirds the normal workforce allowed on-site at any one time to prevent the spread of the virus. "If we don't do this now, if this doesn't work, then we'll need a much longer list of complete shutdowns. It's hard to imagine what a Stage 5 might look like," Victoria Premier Daniel Andrews said in remarks describing the crisis measures.Qantas transports cargo and mail in the bottom of its passenger planes and with a fleet of all-cargo aircraft.Click here for more FreightWaves/American Shipper stories by Eric Kulisch. Contact: ekulisch@freightwaves.comRECOMMENDED READING:Australia extends funding support for airfreight exportsAustralia secures subsidized airfreight for exportersLessons from Qantas violation for overweight cargoSee more from Benzinga * Trucking Freight Futures Market Summary: Week Ending 07-31-2020 * Motorist Takes Video Of Man Clinging To The Hood Of A Speeding Truck * Infrastructure Investment Firms Reportedly Eye Kansas City Southern(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
01 Aug, 2020
(Bloomberg Opinion) -- The queens of the skies have fallen on hard times.As Covid-19 has frozen the international travel on which they once thrived, double-decker, four-engine planes like the Airbus SE A380 and Boeing Co. 747 are more likely to be found in storage than soaring through the skies.Carriers such as Pan Am Corp. used the 747 to turn aviation into a global industry in the 1970s, and over the past decade Emirates used the A380 to repeat the trick for the global south — but those times have passed. Since mid-March, most have barely flown except on short hops to maintain pilots’ certifications and valedictory voyages to gather dust in desert boneyards.Many of those furloughs look like becoming permanent. IAG SA’s British Airways has announced plans to ground the largest fleet of 747-400s for good. Qantas Airways Ltd. sent its last 747 home to the U.S. last week, and has already suspended its stable of A380s.Among the 15 operators of the A380, which entered service less than 13 years ago, only Emirates has been operating flights in anything close to a normal fashion, according to data from aircraft-tracking site Flightradar24. Out of its 115 such planes — about half the global fleet — just a dozen have been flying to and from Europe over the past month or so, as limited traffic has trickled back. China Southern Airlines Co. has also been running a limited service with its five A380s.However, the vast majority of the planes — worth some $50 billion, if valued at about half of their list prices — have been stuck on the tarmac, possibly permanently. Qatar Airways QCSC has speculated that its A380s may never return, while Deutsche Lufthansa AG has made similar noises.By the time the long-haul routes for which the A380 was designed return to normal in 2024 or so, about half the fleet will be at least a decade old and well on the way toward retirement. Singapore Airlines Ltd., the biggest operator after Emirates, said in first-quarter results that it may write down “older generation aircraft” such as its A380s by around $1 billion.It’s a similar picture with the 747. Of the 29 planes operated by Lufthansa — the largest passenger fleet, once British Airways’ jets have retired — just four have remained in regular operation since March, with a further four gradually returning to service over the past two months.Probably the most active operator of passenger 747s at this point is Aeroflot PJSC’s Rossiya Airlines, plus a handful of charter operators that run seasonal flights to holiday destinations and pilgrimage services to Saudi Arabia. Even there, though, foreign pilgrims at this year’s hajj will be confined to 10,000 people already in the country.The reasons for the decline of these jets aren’t hard to discern. Even at the best of times, it can be challenging to fill more than 400 seats at a time, and a plane with more than 20% of seats empty will typically lose money — and that’s before you start thinking about the costs of providing crew and destination accommodation for such vast aircraft.With the Boeing 787 and Airbus A350 able to achieve similar ranges using just two engines and smaller cabins, the economics of double-decker planes no longer make a lot of sense.U.S. airlines in particular have long since given up on the jumbo. They never bought a single A380, and last took delivery of a 747 a few months after the Sept. 11, 2001, attacks, when Northwest Airlines Corp. bought two before later going bankrupt and being taken over by Delta Air Lines Inc.There’s one area that’s been booming, however: freight. Air cargo typically takes up a substantial share of the belly space on passenger flights, but with borders closed to tourism, the semiconductors, high-value materials and consumer goods that typically travel beneath your feet have had to find a new route to market. Cargo traffic this year will be down just 17% from a year earlier, compared to 55% for passenger flights, according to the International Air Transport Association.That could provide a final chapter for the 747 — although not for the A380, which isn’t easily converted to cargo usage. Boeing’s jumbo is already a freight aircraft in all but name, with about two-thirds of the latest 747-800 variant being sold to freight carriers such as United Parcel Service Inc. and Cathay Pacific Airways Ltd.’s logistics arm. Even non-cargo aircraft can get in on the act: KLM has been carrying face masks and protective gowns on the seats of ordinary passenger aircraft pressed into pandemic freight service.That would be an appropriate end for grand planes often likened to ocean liners. Some of the most celebrated ships of the great age of sea transport ended their lives as coal hulks, quarantine centers and floating museums after aircraft rendered them obsolete. The ultimate fate of jumbo jets may be similarly prosaic: As workaday aircraft, shipping goods to a more home-bound global population. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
23 Jul, 2020
Singapore Airlines Ltd said on Thursday it had secured S$750 million ($541.87 million) of funding against some of its Airbus and Boeing aircraft to shore up liquidity amid plummeting demand due to the novel coronavirus. Coronavirus travel curbs have led to the grounding of fleets worldwide and airlines are facing a massive liquidity crisis and tapping multiple avenues to raise cash. Singapore Airlines has raised about S$11 billion this year via a combination of rights issue, secured financing, credit lines and short-term loans, it said in a statement.
22 Jul, 2020
Qantas Airways Ltd's last Boeing 747 jet drew a kangaroo tail in the sky off the Australian coast as it began its final flight to retirement in the Mojave Desert on Wednesday, ending the model's almost half a century of service at the carrier. Owen Zupp, one of the six pilots on board the final flight, brought forward by several months because of the coronavirus pandemic, said he would reflect once his team had delivered the plane safely to the United States. "It is significant not just for Qantas' history but aviation."
Qantas Airways Ltd chief executive Alan Joyce signed the carrier's last Boeing Co 747 jet at Sydney airport on Wednesday, shortly before it was due to fly to the Mojave Desert for a retirement brought forward by the coronavirus pandemic. The journey marks the final flight for a Qantas 747 after 49 years of service with the Australian airline, which had previously planned to work the 747-400 fleet through to the end of the year. The four-engine plane with less favourable economics than newer-generation 787s and Airbus SE A350s had fallen out of favour even before the pandemic hit but Qantas, British Airways, Virgin Atlantic and KLM have hastened retirement plans due to the lack of international travel demand.
14 Jul, 2020
Coronavirus outbreak continues battering airlines around the globe Continue reading...
08 Jul, 2020
Fareportal has joined the UATP Network and is the first OTA to issue UATP accounts. The partnership allows for reduced distribution costs using the airlines' own lower cost form of payment, UATP. Fareportal is active with live accounts.
26 Jun, 2020
(Bloomberg Opinion) -- What could possibly attract Bain Capital about an airline that hardly ever generates cash? Loyalty is almost certain to be the answer.Administrators for Virgin Australia Holdings Ltd. at Deloitte agreed to sell the second-ranked Australian airline to the private equity firm after it collapsed in April owing A$6.8 billion ($4.7 billion). In a sign of what a difficult path lies ahead of Bain, interest from 20 parties was ultimately whittled down to just two final bidders. Airlines, with their vast capital expenditures, weak competitive positions, and already-heavy debt loads, aren’t the most obvious places for private equity to invest. Most firms look for businesses that can consistently throw off cash before returning to market at an enhanced valuation a few years later.Virgin hardly fits that bill: The company has posted positive annual free cash flow just three times in two decades. It’s hard to see how a few years of business in the time of coronavirus is going to enhance its market value much. That’s particularly the case given that Qantas Airways Ltd., which spent much of the past decade demonstrating the power of its superior market share, has just strengthened its balance sheet through a capital raising.There is, however, one part of Virgin that’s perennially attractive to private equity — its Velocity frequent-flier program. It’s not unusual for airlines to be essentially loyalty programs with wings — Qantas’s is often the most profitable part of the business, and Air Canada’s spun-off program Aimia Inc. mostly traded at a higher multiple than its former parent until it was bought back a few years ago. Velocity has already been a winner for private equity. Affinity Equity Partners bought a 35% stake in the program in 2014 and sold it back last year at a A$2 billion valuation. That’s more than twice what it originally paid, and far more than the A$1.2 billion or so that the entire airline was worth before coronavirus struck, not to mention the zero value now put on Virgin Australia’s equity. The biggest challenge for Bain will be what to do with the main bit of the business — but that’s not an impossible task. While details haven’t been released of what a post-insolvency Virgin will look like, you’d expect the administration process to bring an end to many of the asset impairments and interest expenses that have weighed so heavily on earnings in recent years, giving an opportunity to spruce it up for selling back to the market. Australia’s stock investors are famous for buying dog-eared companies from private equity and repenting at their leisure.Bain has promised to “invest in and see closer integration” of the loyalty program and the core flying business, though it’s not clear that this amounts to a promise never to separate the two. Don’t be surprised if 18 months from now the next big IPO in Sydney is a seemingly-rejuvenated Virgin Australia, shorn of its lucrative loyalty program. Just don’t make the mistake of buying into it.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
U.S. private equity group Bain Capital said on Friday it has agreed with the administrator of Virgin Australia Holdings Ltd to buy Australia's second-biggest airline for an undisclosed sum, banking on an aviation industry recovery. Bain's bid was chosen over a rival offer from Cyrus Capital Partners and a recaptalisation proposal put forward by Virgin Australia bondholders, administrator Deloitte said. Deloitte said it was not yet possible to estimate the return to creditors and did not expect any return to shareholders.
25 Jun, 2020
Asian stocks posted their biggest drop in eight sessions, bonds rose and the U.S. dollar was firm on Thursday as surging U.S. coronavirus cases and an International Monetary Fund downgrade to economic projections knocked confidence in a recovery. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%, Tokyo's Nikkei slumped 1.1% and Australia's ASX 200 tumbled 2.1%. U.S. stock futures declined 0.4%, suggesting Wednesday's Wall Street slide might have further to run.
Qantas Airways Ltd is axing at least 20% of its workforce and intends to raise up to A$1.9 billion ($1.3 billion) of equity under a sweeping cost-saving plan prompted by the coronavirus pandemic. The Australian airline also said on Thursday it will ground 100 aircraft for up to 12 months and retire its remaining Boeing Co 747 fleet immediately, six months ahead of schedule, given travel restrictions imposed by the global health crisis. "We have to position ourselves for several years when revenue will be much lower," Qantas Chief Executive Alan Joyce said of the three-year plan.
(Bloomberg Opinion) -- You might not have thought it three months ago, when the spread of Covid-19 forced Qantas Airways Ltd. to halt international flights and drove its shares to their biggest percentage drop in eight years. But a global pandemic could wind up being good news for the company.Australia’s dominant airline is now something close to a monopoly player. Virgin Australia Holdings Ltd., its erstwhile local rival, went into administration in April. While limited flights are still operating, it’s unlikely to offer aggressive competition until a rescuer comes along, and possibly some time after that. That’s a fortunate position to be in. For carriers around the world, domestic operations tend to do better than international ones, since competition is usually weaker while shorter distances offer productivity benefits. This advantage is accentuated by the coronavirus, which has more or less shut down cross-border aviation on a global basis.Few carriers have as impressive a redoubt as Qantas can boast in Australia. Just a handful of domestic markets are larger in terms of passenger traffic. Of those, only India and Japan have an airline on a par with Qantas in terms of dominance, and most have suffered far worse from the virus.The company’s position is likely to be further solidified by a A$1.9 billion ($1.3 billion) capital raising announced Thursday. If you think this is some sort of desperate rescue move, have a look at the slim discount — just 3.3% or so to the previous day’s share price, once you account for dilution from issuing new stock.The advantage for airlines in the current crisis is that while the industry’s fixed costs are famously high, a lot of them aren’t nearly as fixed as the term would suggest. About 60% goes toward fuel, route and landing fees, as well as maintenance and depreciation, which is only incurred to the extent that flights are actually operating. The A$8.2 billion that Qantas expects to save over the coming 12 months amounts to about half of typical annual costs. Only A$600 million of the total will come from the difficult business of restructuring, with most of the savings resulting from simple expedients like burning less fuel.The international business that will be most severely hit accounts for less than 20% of profit in a good year, despite making up nearly half of Qantas’s seat capacity. Resisting the temptation of unprofitable overseas expansion is a strategy we’ve long urged on Chief Executive Officer Alan Joyce.Idling its gas-guzzling, hard-to-fill A380s — another measure announced Thursday — is also long overdue. Qantas shareholders have a habit of welcoming fleet writedowns, like the charge of up to A$1.4 billion that will result from that decision. In both areas, the coronavirus is providing the perfect opportunity to do what Qantas should have been doing anyway.Getting through the coming years isn’t going to be a cakewalk. Australia still needs international flights, but capacity on that front is expected to be half of typical levels in the year through June 2022. Even so, the country stands a good chance of returning to something resembling normal domestic aviation traffic sooner than any other major airline market, with the possible exceptions of China and Japan. Unlike Asian rivals that have been raising cash to make it through the pandemic, such as Cathay Pacific Airways Ltd., Korea Air Lines Co., and Singapore Airlines Ltd., Qantas has a substantial domestic market to fall back on while cross-border aviation is in hibernation. And unlike its U.S. rivals, such as American Airlines Group Inc., Southwest Airlines Co., and United Airlines Holdings Inc., it faces neither fierce competition nor a profound disease burden at home.No airline would wish the coronavirus crisis on itself, but Qantas is better placed than most to ride out this epidemic. “Qantas never crashed,” as Dustin Hoffman’s character once said in “Rain Man.” That looks to be as true now as it was then.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Qantas plans to cut at least 6,000 jobs and keep 15,000 more workers on extended furloughs as Australia’s largest airline tries to survive the coronavirus pandemic.
20 Jun, 2020
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
19 Jun, 2020
Poor communication between crew and load planners led a Qantas Airways (AX: QAN) passenger plane to take off above approved weight limit and spurred the airline to deploy hand-held scanning devices to automate most of the freight confirmation process, according to the results of an investigation by the Australian Transport Safety Bureau (ATSB).On Dec. 17, 2017, a Qantas A330-300 departed Sydney 1,047 pounds above the maximum takeoff weight, but the problem wasn't discovered until the plane landed in Beijing.  The crew didn't report any control or performance problems, but continued operation of an aircraft that has exceeded its certified weight can lead to unaccounted structural damage and poses a safety risk.The ATSB, Australia's equivalent to the U.S.'s National Transportation Safety Board, determined that revised loading instructions to replace a 4,420-pound pallet with a lighter Unit Load Device because the plane took on extra fuel were not correctly understood by the load supervisor, who believed that the electronic message was supposed to be accompanied by verbal notice over radio or telephone. Using his tablet device connected to the freight management system, the ramp worker acknowledged the message from the load control office but didn't change the containers in the forward hold.Qantas has since formalized a procedure for verbal communication to accompany any changes in the load instruction.The incident highlights the importance of communication between all parties responsible for aircraft loading, especially in passenger operations that often are under significant time pressures and where delays can lead to scheduling issues, the ATSB report said. Prompted by the loading mistake, Qantas last June completed the replacement of iPads with hand-held scanning devices and printed bar codes that automate much of the freight confirmation process before loading onto an aircraft. (Click here for more FreightWaves stories by Eric Kulisch.)See more from Benzinga * Employee Headcount at US Class 1 Operations Tumbles 17% in May * How to Manage Supply Chain Volatility * More Severe Storms Could Hit Plains Through The Weekend (With Forecast Video)(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Australia's competition regulator will monitor domestic airfares and profits for three years, increasing scrutiny as the industry begins a slow recovery from the coronavirus pandemic and Virgin Australia Holdings Ltd seeks a buyer. The federal government said on Friday the Australian Competition and Consumer Commission (ACCC) will monitor prices, costs and profits, as well as provide another avenue for complaints about anti-competitive conduct. "A key matter covered will be the level of capacity the airlines are putting on each route and whether this is occurring in a way that may damage competition," Treasurer Josh Frydenberg said in a statement.

QAN Dividend Payments

EX-Date Dividend Amount
2016-09-07$0.0700
2017-03-06$0.0700
2017-09-08$0.0700
2018-03-06$0.0700
2018-09-05$0.1000
2019-03-03$0.1200
2019-09-02$0.1300
2020-03-01$0.1350

QAN Dividends (last 5 Years)