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.

Monthly Share Price Snapshot:

Source: ASK (Prices in AUD)

Key news stories of the week

Qantas Airways

Qantas began its share buy back, announced at the recent half year results meeting. The carrier plans on completing a AUD378 million (USD297 million) share repurchase allocation. This has included:

  • 843,539 shares for a total consideration of AUD5.0 million (USD4.0 million) on 12-Mar-2018;
  • 758,583 shares for a total consideration of AUD4.5 million (USD3.6 million) on 15-Mar-2018
  • 2 million shares for a total consideration of AUD8 million (USD6.2 million) on 16-Mar-2018.

Air New Zealand

Air New Zealand announced (12-Mar-2018) former CFO Rob McDonald converted 290,186 rights into ordinary shares and then sold the shares for a consideration of NZD958,456 (USD702,013).

Oil Prices Update