Qantas Airways Limited (QAN)
All research reports and stock updates for Qantas Airways Limited.
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Alan has left the building
Qantas CEO Alan Joyce is not going out with the sort of bang he envisaged after 22 years with the airline and 15 years as CEO.
Alan's swansong
Domestic EBIT at $1,270m was 63% higher than FY19 (pre-COVID) while International EBIT of $906m was 180% above FY19.
The capex cloud
Qantas provided FY23 guidance that merely confirms the big recovery in earnings post-COVID.
Taming the outback
The ACCC has delayed its decision on the QAN proposed takeover of Alliance Aviation (AQZ) until 20 April. QAN currently owns 19.99% of AQZ but has no Board representation. AQZ has massively upscaled its fleet which will most likely be wet leased to QAN.
In the jetstream
Qantas has emerged from the pandemic in perhaps the best shape of its corporate life.
QF23
From the depths of the pandemic, Qantas has navigated its way to a healthy balance sheet and quickly improving earnings. With operating costs $1bn lower, future plans such as Project Sunrise are back on the agenda.
Back in black
Qantas is back in the black. The re-opening of Australia’s borders and the resumption of air travel has been a bumpy ride, for customers and company alike.
ReJoyce - Crisis over
QAN CEO Alan Joyce proclaimed ”the existential crisis posed by the pandemic is now over”. That may be true, but Qantas is battling to bring its service back up to standard and is still grappling with the complex recovery pathway.
White knuckle ride
The global airline industry’s recovery path from the pandemic has been as turbulent as its infection.
Project sunrise awakens
Project Sunrise, the pet project of Qantas boss Alan Joyce, will finally see the light of day after being put on hold by COVID-19.
Fly buy
A siege mentality has pervaded Qantas throughout the pandemic, but with the Australian international border now open, the company can go all out to revive itself. Unlike some of its international fleet, the company has not been idle during the travel hiatus and has used the time to hatch some cunning plans.
Bunny hopping
The chaos caused by rising Omicron cases has skittled the travel plans of so many customers that Qantas has been forced to slash its current schedule. But QAN has kept all of its Australian-based staff on active duty to create a buffer against isolation impacts. QAN has not yet calculated the financial impact on 2H22f.
Back in the saddle
QAN’s trading update was understandably cheery as domestic activity regains altitude. International travel remains a tricky proposition and is retarding a recovery.