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:

  • 23-Apr-2018: 667,437 shares for a total consideration of AUD4.0 million (USD3.0 million).
  • 24-Apr-2018: 840,495 shares for a total consideration of AUD4.9 million (USD3.7 million);
  • 26-Apr-2018: 934,322 shares for a total consideration of AUD5.5 million (USD4.1 million);
  • 27-Apr-2018: 1,995,458 shares for a total consideration of AUD11.7 million (USD8.8 million).

Air New Zealand

Air New Zealand reported (27-Apr-2018) traffic highlights for Mar-2018:

  • Passengers: 1.8 million, +8.6% year-on-year;
    • Short haul: 1.5 million, +8.3%;
    • Domestic: 1.2 million, +7.9%;
    • Tasman/Pacific: 363,000, +9.6%;
    • Long haul: 212,000, +11.0%;
    • North America/UK: 124,000, +10.2%;
    • Asia/Japan/Singapore: 88,000, +12.3%;
  • Passenger load factor: 85.4%, +3.5ppts;
    • North America/UK: 86.7%, +2.7ppts;
    • Domestic: 86.3%, +2.4ppts;
    • Long haul: 86.2%, +4.7ppts;
    • Asia/Japan/Singapore: 85.3%, +7.5ppts;
    • Short-haul: 84.5%, +2.2ppts;
    • Tasman/Pacific: 83.4%, +2.1ppts;
  • Year-to-date RASK: +2.4%;
    • Short haul: +5.0%;
    • Long haul: -1.7%.

According to CAPA Airline Traffic Database, Air New Zealand achieved its 21st consecutive month of passenger growth in Mar-2018.

Oil Prices Update