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 continued 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:

    • 14-May-2018: 839,909 shares for a total consideration of AUD5.1 million (USD3.8 million);
    • 16-May-2018: 969,507 shares for a total consideration of AUD6.0 million (USD4.5 million);
    • 17-May-2018: 759,906 shares for a total consideration of AUD4.8 million (USD3.6 million);
    • 18-May-2018: 958,391 shares for a total consideration of AUD6.0 million (USD4.5 million).

    Qantas Group also reported that as of 02-May-2018, its foreign ownership share was 44.13%, up from 43.60% as of 29-Dec-2017. The Qantas Sale Act 1992 and the Qantas Constitution provide that foreign persons are permitted to hold relevant interests of no more than 49% of the issued share capital of the carrier.

    Oil Prices Update