Qantas share price

What does Qantas forecast H1 FY23 underlying profit before tax of between $1.2 and $1.3 billion mean for ASX airline stocks?

This is a result of underinvestment during the 2021-2022 which will negatively impact free cash flow on a go-forward basis,” he said. But also how discretionary international travel is perceived by the consumer, particularly in an environment of rising interest rates to combat inflation.” Broker Morgans have a 12-month target price of $25.65 and an Add rating on the corporate travel specialist’s share price. The positive outlook follows five consecutive halves of heavy losses due to the pandemic and cumulative statutory losses of $7 billion. CTD paid a final dividend of 5 cents/share (unfranked) on October 5. The company also paid dividends to shareholders every year since 2005. “For example, Qantas is returning its international capacity ahead of the market, and it expects capacity to sit at just 66% of pre-Covid levels in the December 22 quarter, vs 95% of pre-Covid levels for domestic,” Schade said. “Combined with pent up demand for travel as a result of consumers being unable to travel through the pandemic, this is resulting in a very favourable environment for Qantas, who in this supply constrained environment is able to achieve significantly higher ticket prices versus those pre-Covid and is set to deliver record levels of profitability over the coming 18 months.” He said for listed travel agents like FLT and CTD this dynamic is much less positive in the short-term as they are driven more by travel volume than travel value and as such their business models thrive in an environment where travel capacity is high as opposed to constrained. “One of the reasons, in our view, behind the Qantas rally today was because of the cheap earnings multiple – low to mid single digit FY23 EBITDA, and lower in FY24 EBITDA,” he said. “In the short term, we expect revenge travel to continue to feature as a theme across most companies exposed to international travel, but caution against building expectations of large share price movements.” “Whilst some of this was expected, the magnitude and speed of the return to pre-Covid levels would have surprised the market, particularly with many tourist destinations still not completely accessible,” he said.

The Qantas Airways Limited (ASX:QAN) share price is in focus today after releasing a promising update about FY23.

The airline has a target of 75%. That compares to the last five halves which saw a cumulative $7 billion of [losses](https://www.raskmedia.com.au/2021/08/26/qantas-asxqan-share-price-on-watch-as-loss-balloons-to-2-3-billion/). Qantas will roster additional crew, train new recruits and provide overtime in key areas such as contact centres. Qantas said that domestic travel is strong across all categories. It’s on track to deliver EBIT ( That’s below the target of $3.9 billion.

Australia's flag carrier Qantas has said it will return to profit this year, sending its shares up by as much as 12 per cent and marking the end of a ...

Qantas boss Alan Joyce sent the airline's share price into orbit today on forecasts of a $1.3bn profit this half year. What's the scam?

Michael West established michaelwest.com.au to focus on journalism of high public interest, particularly the rising power of corporations over democracy. The scam is RANS, DANS, TANS, RDAC, IAS, IFAM and JobKeeper – a dazzling array of at least six sorts of public subsidies – which helped get this private enterprise through the pandemic. Cash was up from $7.5bn to $12.2bn in 2022 as travellers returned and ticket prices soared.

Australian shares have closed down marginally lower, reversing early gains helped by heavyweight financials, while Qantas soared after the airline forecast ...

The US Labor Department's producer prices index rose 8.5 per cent in the 12 months to September, slightly higher than an estimated 8.4 per cent rise. Still, the reading was lower than an 8.7 per cent increase in August. "There's an understanding now the Fed is going to keep going. Still, investors were laser-focused on Thursday's Consumer Price Index (CPI). That is what the market is focused on I think." "As a result our ahm [Australian Health Management] and international student policy management systems have been taken offline. Meanwhile, the pan-European STOXX 600 index lost 0.5 per cent and MSCI's gauge of stocks across the globe lost nearly 1 per cent. The Dow Jones Industrial Average fell 28.34 points, or 0.1 per cent, to 29,210.85, the S&P 500 lost 11.81 points, or 0.33 per cent, to 3,577.03 and the Nasdaq Composite dropped 9.09 points, or 0.09 per cent, to 10,417.10. We expect these systems to be offline for most of the day," the health insurer said in a statement. Medibank said the isolation of several customer-facing systems would reduce the likelihood of damage to systems or data loss. Shares of Qantas surged 8.7 per cent, to $5.62, after the company said it expected to swing to a first-half underlying profit of between $1.2 billion and $1.3 billion, up from a similar-sized loss the prior year. Medibank shares entered a trading halt pending the announcement of a cyber incident, and the health insurer confirmed it would remain closed for trading as it investigates.