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. Last week’s buy back included:

  • 16-Apr-2018: 937,346 shares for a total consideration of AUD5.6 million (USD4.3 million);
  • 18-Apr-2018: 723,812 shares for a total consideration of AUD4.3 million (USD3.3 million);
  • 19-Apr-2018: 669,680 shares for a total consideration of AUD4.0 million (USD3.0 million);
  • 20-Apr-2018: 980,207 shares for a total consideration of AUD5.8 million (USD4.4 million).

Virgin Australia

Virgin Australia chairman: Decision not to move with privatisation was a ‘business judgement’ Virgin Australia chairman Elizabeth Bryan said the carrier’s board made a “business judgement” not to go forward with a privatisation, as its major shareholders “unanimously came to the view that they didn’t think that adding that change to what we were doing right now was in the best interests of the company”. Ms Bryan said the board’s focus is on improving Virgin Australia’s financial performance.

Oil Prices Update