South Pac Share and Oil Price Weekly Update

Each week the Blue Swan Daily brings you a snap shot of the key share and oil prices related to all things travel and aviation.

Qantas Airways:

Qantas acquired (01-Dec-2017) 7.0 million shares under its repurchase programme, for a total consideration of AUD39.9 million (USD30.3 million). The carrier has AUD14.4 million (USD10.9 million) remaining under the share buy-back authorisation. Qantas also reported that BlackRock Group reduced its shares held in the carrier from 115.6 million to 88.4 million, lowering its voting power from 6.39% to 5.02%.

Qantas Group CEO Alan Joyce said the airline will make a decision on whether it will order more Boeing 787s in 2018. According to the CAPA Fleet Database, the Qantas group has 11 787-8s and one 787-9 in service, with another seven 787-9s on order. Mr Joyce reported Qantas Group has 45 purchase options and rights for 787s.

American Airlines VP sales Asia Pacific Shane Hodges, speaking at the ACTE-CAPA Global Conference Sydney, stated (29-Nov-2017) he is hopeful the carrier’s relationship with Qantas Airways “will move to the next level”. He confirmed American plans to refile with the US Department of Transportation (US DoT) for a new joint business arrangement. As previously reported by CAPA, the first proposed joint agreement was rejected by the US DoT. “We hope for good news next year”, Mr Hodges said.

Monthly Share Price Snapshot:

Oil Prices Update: