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 shares surge after Goldman Sachs upgrade
Qantas shares surged to a record high this week, thanks to investment bank Goldman Sachs upgrading the airline’s rating from ‘neutral’ to ‘buy’. The upgrade was a result of “improved prospects for earnings growth at the airline”. The share prices increased by more than 3.5% to the record AUD6.15, finally closing at just under AUD6.13.
Goldman Sachs also suggested the airline could reach AUD6.86, which is approximately 15% higher than the current price.
Roy Morgan Research: Qantas is Australia’s leading domestic airline
Roy Morgan Research released data for Aug-2017, showing Qantas Airlines is Australia’s highest rating domestic airline with a customer satisfaction rating of 83.2%. Qantas has maintained its lead over Virgin Australia (77.6%) for four months now. Regional Express (Rex) improved 5.5% year-on-year with a rating of 72.6% in Aug-2017. Jetstar rounded out the top five with a rating of 63.1%.
Air New Zealand reports share disposals by executives
After the FY2017 results were announced last week, Air New Zealand disclosed (06-Oct-2017) the following share disposals by executives:
- Cam Wallace, chief revenue officer, 200,000 shares sold, valued at NZD669,520 (USD472,806);
- Stephen Jones, (former) chief of strategy, networks and alliances, 204,280 shares sold, valued at NZD687,483.91 (USD485,586).
Monthly Share Price Snapshot:
|Air New Zealand||$3.24||$3.15||$2.96||$2.98||$3.07||$3.14|
Oil Prices Update: