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31 stories mentioning ASX:QANUpdated 7d ago

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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.

ASX:QAN
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://finwires.com/en/contact)

ASX:QAN
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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Asia

Qantas Airways Raises FY26 Fuel Cost Forecast Expectation to Up to AU$3.3 Billion, Cuts Domestic Capacity Amid Middle East Conflict

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, according to a Tuesday Australian bourse filing.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.The company said it has reduced domestic capacity in the fiscal fourth quarter by about five percentage points, given continued fuel price volatility and global economic conditions, with affected Qantas and Jetstar customers being contacted directly and offered alternative flights or a refund.Group international unit revenue growth for the fiscal H2 is now expected to be 4% to 6%, double the previous guidance. In comparison, group domestic unit revenue growth is expected to be about 5% for the second half and 6% for the fourth quarter, the filing added.The group's fiscal year 2026 capital expenditure is now anticipated to be at or below AU$4.1 billion, at the bottom end of its previously guided range, while the planned AU$150 million on-market buyback has not commenced due to current uncertainty, the filing added.The airline expects fiscal year 2026 capacity growth of 3% compared to the prior corresponding period, including a 3% rise in both domestic and international capacity.

ASX:QAN

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