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Asia

Qantas Airways, Jetstar to Launch Passenger Service From Western Sydney International Airport

Qantas Airways (ASX:QAN) and its Jetstar subsidiary will launch flights from Western Sydney International Airport when it opens on Oct. 25, Qantas said Wednesday.Jetstar will operate up to 14 flights each week between Western Sydney International and Melbourne, four weekly flights to the Gold Coast, and three weekly flights to Brisbane, starting with the first commercial passenger flight to the Gold Coast on Oct. 25.Qantas operations will start on March 28, 2027, with four flights per week to both Melbourne and Brisbane, the company said.The new flights follow Qantas Group and Western Sydney International entering a five-year agreement for domestic passenger flights and freight.

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Asia

Qantas Airways Market Share Trends in Australia Overall Remain Stable, Jarden Says

Qantas Airways' (ASX:QAN) market share trends in Australia overall remain stable at 49%, Jarden said in a Thursday note.Overall, the Australian market is expected to see a snap back in scheduled seats growth through July, up 11% year-over-year, driven largely by a scheduled uplift in seats capacity from Asian discounters and Chinese carriers.Deep capacity reductions for Middle East carriers, which fell 71% through April, but are set to recover over the course of the first half of fiscal year 2027, and restore capacity by June to pre-conflict levels. North American seat growth has remained resilient over the final few months of the second half of fiscal year 2026, based on current scheduled capacity.Based on Visible Alpha consensus estimates, Qantas' international capacity growth is forecast at 2.1% in the first half of fiscal year 2027.The investment firm retained its buy rating and its AU$11.25 per share price target on Qantas.

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Asia

Qantas Airways Project Sunrise Completes Maiden Test Flight Ahead of Non-Stop London, New York Services

Qantas Airways (ASX:QAN) said its Project Sunrise Airbus A350-1000ULR has completed its maiden test flight ahead of the launch of commercial flights connecting Australia's east coast to London and New York non-stop for the first time, according to a Wednesday statement.The airline said the flight tested the aircraft's primary systems, including its specialized fuel system that will enable commercial flights of up to 22 hours non-stop, marking the beginning of a two-month testing campaign.A second Project Sunrise aircraft is progressing through Airbus' final assembly line with delivery to Qantas expected in April 2027, the statement added.Qantas will disclose the first Project Sunrise route and timing of its inaugural commercial services later in June, it added.

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Asia

Qantas Airways Shares Rise After Frequent Flyer Partnership With Philippine Airlines

Qantas Airways (ASX:QAN) shares rose more than 1% in recent Friday trade after the company said Thursday it struck a partnership allowing its frequent flyer members to book classic reward seats across the entire Philippine Airlines network.The collaboration gives Qantas frequent flyers greater access to North America, the Middle East, and 15 new island destinations via Manila.Philippine Airlines operates 22 weekly flights between Australia and Manila, including daily service from Sydney and Brisbane, the statement said.

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Asia

Qantas Airways' 'Project Sunrise' Reportedly Delayed Due to Airbus Supply Chain Issues

Qantas Airways' (ASX:QAN) "Project Sunrise," which envisages planned 22-hour non-stop flights from Australia's east coast to London and New York, was delayed after airplane manufacturer Airbus said the modified A350 aircrafts required for the journey were delayed due to supply chain issues, according to multiple media reports on Monday.The airline is now expected to take delivery of the new planes in April 2027.Qantas indicated it expects to have five such ultra long range aircrafts by November 2027, The Sydney Morning Herald reported.Qantas ordered 12 of the specially equipped A350s in May 2022. The first plane was originally to be delivered to the airline by the end of 2026.Qantas' shares soared 5% in recent Monday trade.

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Asia

Update: Air New Zealand Expects Fiscal 2026 Loss Before Taxation of NZ$340 Million to NZ$390 Million

(Updates with latest stock movements in the last paragraph.)Air New Zealand (ASX:AIZ, NZE:AIR) expects a fiscal year 2026 loss before taxation in the range of NZ$340 million to NZ$390 million, based on current trading conditions and an assumed average jet fuel price of around $145 per barrel for the second half, according to Thursday filings with the Australian and New Zealand bourses.The revised outlook remains subject to material uncertainty, including continued volatility in jet fuel prices and refining margins, global economic conditions, and demand conditions. The airline is around 85% hedged against its fiscal year 2026 second-half Brent crude exposure following recent capacity consolidations. It is around 55% hedged on Brent crude for the first half of fiscal year 2027 and is actively managing its hedging profile.Fare increases were implemented, but recovering the full impact of higher fuel costs over a short period would risk further demand softness, the company noted. It has made three targeted capacity consolidations to date, reducing overall group capacity since the start of the conflict in the Middle East by around 3% to 5% across its various networks.The airline is reviewing upcoming capital expenditure plans, noting there will be near-term capital expenditure deferrals because of delays from aircraft manufacturers. It identified up to NZ$100 million of annualized cost savings to date, which will flow through into fiscal year 2027 and beyond.It is in the final stages of establishing a $400 million secured revolving credit facility to raise financing against part of its existing unencumbered aircraft pool.Its shares fell past 3% on the New Zealand bourse in recent Thursday trade and declined over 4% on the Australian exchange. Meanwhile, shares of Qantas Airways (ASX:QAN) were down nearly 1%.

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Asia

Market Chatter: IFM Threatens to Scrap AU$3 Billion Sustainable Aviation Fuel Project

Australian investment company IFM Investors has threatened to scrap a proposed AU$3 billion sustainable aviation fuel project in Australia, unless the Australian government mandates airlines use the product, according to a Tuesday Bloomberg report, citing IFM's Global Head of Infrastructure Asset Management, Danny Elia.Elia said that IFM needs to see some finalization of Australia's policy framework on the subject as well as a demand-side mandate, the report added.IFM is working on the project under a memorandum of understanding with Ampol (ASX:AMP) and GrainCorp (ASX:GNC).Virgin Australia (ASX:VGN) and Qantas Airways (ASX:QAN) did not immediately respond to anemail request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Qantas CEO Becoming 'More Optimistic' on Fuel Supply

Qantas Airways (ASX:QAN) Chief Executive Vanessa Hudson said the company is becoming "more optimistic" on fuel supply, Bloomberg News reported Tuesday.Speaking at the Macquarie Australia Conference, Hudson said the company has fuel commitments up to the middle of June, per the report.Hudson noted that the airline registered strong demand for domestic and international air travel despite high fuel prices.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Australian Shares Swing to Green; ANZ Group Holdings Posts Higher Fiscal H1 Cash Earnings, Operating Income

Australian shares swung back to positive territory on Friday's close as equities received a boost from earnings season in the US and oil prices eased.The S&P/ASX 200 Index rose 0.74%, or 64 points, to close at 8,729.80.Brent crude oil futures were trading over $111 per barrel. The Strait of Hormuz remained closed, and Iran said it would respond with "long and painful strikes" on US positions if the US renewed attacks.Strong corporate earnings lead to a rally ​in tech stocks on Wall Street. The US gross domestic ​product (GDP) increased at a 2% annualized rate last quarter, compared with a 0.5% pace in the fourth quarter, the Commerce Department's Bureau of Economic Analysis said.On the domestic front, Australia's producer prices, excluding exports, increased 0.4% in the March quarter, following a 0.8% rise in the December 2025 quarter, according to data from the Australian Bureau of Statistics.Australia's manufacturing sector returned to expansion in April, though the improvement was outweighed by major supply-chain disruptions and a sharp rise in costs linked to fuel and freight pressures arising from the Middle East conflict, according to a survey by S&P Global.The headline seasonally adjusted S&P Global Australia Manufacturing Purchasing Manager's Index (PMI) rose to 51.3 in April from 49.8 in March.Australia's home value index edged 0.3% higher in April, registering its slowest pace of growth since January 2025 amid declines in Sydney and Melbourne, according to figures from Cotality.In company news, ANZ Group Holdings (ASX:ANZ, NZE:ANZ) reported fiscal first-half cash earnings of AU$1.242 per share, up from AU$1.17 a year earlier. Operating income for the six months ended March 31 was AU$11.2 billion, compared with about AU$11 billion a year earlier. Its shares fell 2% at market close.Coles Group (ASX:COL) sales revenue for the fiscal third quarter was AU$10.7 billion, up from AU$10.38 billion a year earlier. The increase was driven by a 4% growth in the supermarket segment's sales revenue to AU$9.78 billion. Its shares closed up 3%.Lastly, Qantas Airways (ASX:QAN) and its Jetstar unit are set to extend previously disclosed schedule changes across their international and domestic network into the first quarter of fiscal year 2027, aiming to mitigate the impact of significantly higher fuel prices due to the Middle East conflict. Its shares closed up 1%.

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Asia

Qantas Airways Extends Schedule Changes Through September Quarter, Adds Europe Seats

Qantas Airways (ASX:QAN) and its Jetstar unit are set to extend previously disclosed schedule changes across their international and domestic network into the first quarter of fiscal year 2027, aiming to mitigate the impact of significantly higher fuel prices due to the Middle East conflict, according to a Friday filing with the Australian bourse.On its international network, Qantas will continue to operate more flights between Australia and Europe. Additional Perth-Rome flights have been extended for another three months until the end of October, while flights to Paris will revert to three return flights per week in August, continuing to operate from Sydney through Singapore.The changes come in response to strong demand for travel to Europe, and will provide an additional 2,000 seats to and from the continent each week, Qantas said.The changes also lower the company's previously planned international capacity by 2 percentage points for the September quarter, per the filing.With regards to the domestic network, Qantas said it is extending capacity reductions of 5 percentage points until the end of September, mainly on major capital city routes.

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Asia

Australian Shares Flat; Rio Tinto Posts Higher Q1 Copper Equivalent, Iron Ore Production

Australian shares ended flat on Tuesday, while most Asian markets saw gains after reports of further negotiations between the US and Iran.The S&P/ASX 200 Index was little changed to close at 8,949.40.Iran is considering attending peace negotiations with the US in Pakistan, while Islamabad attempts to end a US blockade on Iranian ports, which is seen as a key obstacle to Tehran's participation, before a two-week ceasefire expires.On Monday, the Nasdaq Composite fell 0.3%, the S&P lost 0.2%, while the Dow Jones remained little changed.On the domestic front, the ANZ-Roy Morgan Australian consumer confidence fell 0.2 points to 64.3 in the week of April 13 to 19, ANZ reported.In company news, Rio Tinto Group (ASX:RIO) on Tuesday reported a 9% year-over-year increase in copper equivalent production in the first quarter, while global iron ore production jumped 12% to 82.8 million tonnes.Lynas Rare Earths (ASX:LYC) said its fiscal third-quarter gross sales revenue increased to AU$265 million from AU$123 million a year earlier, while sales receipts advanced to AU$234 million from AU$124.6 million.Lastly, Qantas Airways (ASX:QAN) launched a week-long sale on fares across 90 routes on the airline's domestic and regional network, including both the economy and business categories, with travel available through March 2027.

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Asia

Qantas Offers Airfare Discounts Across 90 Regional, Domestic Routes Amid Declining Consumer Sentiment

Qantas Airways (ASX:QAN) launched a week-long sale on fares across 90 routes on the airline's domestic and regional network, including both the economy and business categories, with travel available through March 2027, the company said in a Tuesday statement.The announcement comes amid a decline in consumer sentiment and rising inflation expectations in the wake of the Middle East conflict.The sale ends on April 28, unless sold out prior. The sale also includes more connecting fares than Qantas regular domestic sales, it added.The airline's shares fell nearly 1% in recent trading on Tuesday.

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Asia

Update: Qantas Airways' Proposed Enterprise Agreement Rejected by Long-Haul Pilot Group

(Updates with the company's statement in the third paragraph.)Qantas Airways' (ASX:QAN) proposed enterprise agreement was rejected by the Qantas long-haul pilot group, with 66% voting against it from a 95% participation rate, the Australian Federation of Air Pilots (AFAP) said in a Monday statement.Simon Lutton, AFAP executive director, said the pay increases contained in the proposal were unlikely to keep pace with projected inflation."This outcome is disappointing given we put forward an agreement with the support of the main union, the Australian and International Pilots Association, that offered significant pay increases as well as long sought after changes to conditions," the airline said in a statement to, adding that it remains committed to reaching an agreement.Qantas Airways' shares rose 1% in recent Monday trade.

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Asia

Qantas Airways' Proposed Enterprise Agreement Rejected by Long-Haul Pilot Group

Qantas Airways' (ASX:QAN) proposed enterprise agreement was rejected by the Qantas long-haul pilot group, with 66% voting against it from a 95% participation rate, the Australian Federation of Air Pilots (AFAP) said in a Monday statement.Simon Lutton, AFAP executive director, said the pay increases contained in the proposal were unlikely to keep pace with projected inflation.The airline did not immediately respond to' emailed request for comment.Qantas Airways' shares rose 1% in recent Monday trade.

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Asia

Shares of Qantas Airways Falls as AustralianSuper Becomes Substantial Shareholder

Shares of Qantas Airways (ASX:QAN) fell around 1% in recent Friday trade after it said in a late Thursday filing that AustralianSuper became a substantial holder of the company on Tuesday.AustralianSuper now owns 79.7 million shares in the company, representing a 5.27% total voting power, the filing said.

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Asia

Jarden Adjusts Qantas Airways' Price Target to AU$11.25 from AU$12.70, Keeps at Buy

Qantas Airways (ASX:QAN) has an average rating of buy and mean price target of AU$11.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Asia

Qantas Airways Has Financial Capability to See Through Near-Term Volatility, Jarden Says

Qantas Airways (ASX:QAN) has the financial capability, including capital expenditure flexibility, to see through any near-term volatility, Jarden said in a Wednesday note.The airline has demonstrated capabilities to reprice and lower capacity, which is a rational response in a higher fuel environment, Jarden said. The broader airline industry response has seen capacity fall and pricing increase, which indicates a reinforced post-COVID-19 industry rationality.Qantas provided an around AU$700 million increase to its fiscal 2026 second half fuel cost guidance from AU$2.5 billion to a range of AU$3.1 billion to AU$3.3 billion. This new guidance range considers a AU$200 per barrel fuel price, which Jarden considers optimistic. It anticipates that fiscal 2026 fourth quarter and fiscal 2027 first quarter capacity reductions will likely be considerable.It reflects a net fuel cost headwind to group profit before tax post revenue⁄capacity offset of AU$200 million per month, lowering its core earnings-per-share forecasts by around 24% in fiscal 2026 and fiscal 2027.The investment firm retained its buy rating on Qantas and slashed the price target to AU$11.25 from AU$12.70.Qantas Airways' shares gained 1% in recent Thursday trade.

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Asia

Qantas Airways Fuel Guidance Revision In-Line With Expectations, Says Jefferies

Qantas Airways' (ASX:QAN) revised fuel expense and earnings guidance are in line with expectations, Jefferies said in a note on Tuesday, adding that the airline appears insulated from any material impact from the war in West Asia.The company increased its second-half fuel outlook to a range of AU$3.1 billion to AU$3.3 billion from AU$2.5 billion previously, broadly aligning with Jefferies' estimate of AU$3.19 billion. Domestic revenue per available seat kilometer (RASK) is projected to grow by 5% in the period, up from prior guidance of around 3%.The investment firm noted that while current demand levels are expected to hold, any future weakness would likely be offset by lower capacity.Jefferies said it expects the company to cancel its AU$150 million interim share buyback and another buyback expected at its fiscal year 2026 result to retain cash to strengthen its balance sheet.The brokerage will review its fuel forecasts in a few weeks once May refinery margin data becomes available, it added.Jefferies maintained a buy rating on Qantas with a price target of AU$12.80.

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Asia

Australian Shares Rise; Qantas Airways Raises FY26 Fuel Cost Forecast Expectation to Up to AU$3.3 Billion

Australian shares rose on Tuesday's close as investor sentiment was buoyed by optimism around a peace deal between the US and Iran, even as the US naval blockade of Iran took effect.The S&P/ASX 200 Index climbed 0.5% or 44.80 points to close at 8,970.80, reaching a new 20-day high.US President Donald Trump said Iran had called the White House over a potential peace agreement.Both countries had left room for further negotiations, and there was forward motion on trying to get to an agreement, Reuters reported, citing sources.Brent crude oil futures declined 1.5% to $97.90 per barrel.On the domestic front, the Westpac-Melbourne Institute Consumer Sentiment Index fell sharply around 13% to 80.1 in April from 91.6 in March, as rising fuel prices and interest rates added to cost-of-living pressures and weighed heavily on economic sentiment.Business confidence in Australia fell 29 points to negative 29 in March, its lowest level since April 2020 and one of the sharpest declines since the global financial crisis and COVID-19, following the Middle East conflict, National Australia Bank said in a report.Australia's consumer confidence lifted 2.2 points in the April 6 to April 12 week to 64.5 points, recording its second consecutive weekly rise, while the four-week moving average fell 1 point to 62.2 points, ANZ said in a report.In company news, Qantas Airways (ASX:QAN) now expects fuel cost for the fiscal second half to be AU$3.1 billion to AU$3.3 billion, as February jet refining margins peaked at about $120 per barrel. The airline said it has hedged about 90% of its fiscal H2 crude oil exposure but remains largely exposed to movements in jet refining margins.Cleanaway Waste Management (ASX:CWY) now expects fiscal 2026 earnings before interest and taxes of AU$460 million to AU$480 million, down from a previous range of AU$480 million to AU$500 million, due to the impact of the Middle East conflict. Its shares declined 2% at close.Lastly, Clarity Pharmaceuticals (ASX:CU6) signed a commercial manufacturing agreement for its copper-64 SAR-bisPSMA next-generation diagnostic imaging agent with Nucleus Radiopharma. The agreement includes manufacturing at Nucleus Radiopharma's facility in Rochester, Minnesota. Clarity's shares closed down 5%.

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Asia

ASX Preview: Australian Shares to Rise on Renewed US-Iran Talks Optimism; Qantas Airways Raises Fiscal 2026 Fuel Cost Forecast

Australian shares are poised to rise on Tuesday after oil markets were shaken by escalating Middle East tensions, as the US moves to restrict shipping through the Strait of Hormuz.US President Donald Trump said Iran had reached out to restart negotiations after failed weekend talks in Islamabad, Pakistan, as investors weighed the risk of further disruption to global energy supplies.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 1%, 1.2%, and 0.6%, respectively.In the macroeconomy, Australia's wages rose 0.8% in the March quarter while employment added about 23,000 jobs, pointing to a steady but gradually cooling labor market with wage growth stabilizing near a new baseline, Commonwealth Bank of Australia (ASX:CBA) said in a Monday report.In corporate news, Qantas Airways (ASX:QAN) now expects fuel cost for the second half of fiscal 2026 to be AU$3.1 billion to AU$3.3 billion, as February jet refining margins peaked at about $120 per barrel.Westpac Banking (ASX:WBC, NZE:WBC) will boost credit provisions for customers in energy-intensive sectors due to the volatility and economic uncertainty created by the Middle East conflict.Australia's benchmark index fell 0.4% or 34.6 points to close at 8,926 on Monday.

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