QAN - Tailwinds remain

Livewire Equities


Qantas (QAN) is the largest airline in Australia providing domestic and international passenger services via its Qantas and Jetstar brands, as well as possessing the largest loyalty program in Australia in Qantas Loyalty. The capacity growth outlook is the most favourable for some time in both the domestic and international markets, providing the opportunity for QAN to increase revenue via increased load factors and ticket prices. Lower oil prices and a A$2bn internal cost-out program are providing a materials earnings benefit, with QAN likely to return to near record levels of profitability in FY16. News flow is a key share price driver of airline stocks and the next 6-12 months is likely to remain positive with monthly operating statistics and the full year result (expected Aug 20) reinforcing the strong operating conditions. We retain our Add recommendation for QAN with a share price target of A$4.35ps. Read more from the Morgans Blog (VIEW LINK)

1 stock mentioned

Livewire Equities
Livewire Equities

The Livewire Equities feed brings you a range of insights that relate to Australian equities


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment