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.
This week, Qantas share price reached a nine year high of AUD6.31/share on 13-Oct-2017. This brought the year-to-date return to 89%. By way of comparison, the share price stood at:
- AUD3.21/share on 17-Oct-2016;
- AUD3.78 on 12-Oct-2017;
- AUD1.31 on 13-Oct-2014; and
- AUD1.45 on 14-Oct-2013.
Qantas also revealed, as of 29-Sep-2017, foreign persons held 47.73% of the issued share capital of Qantas. The Qantas Sale Act 1992 (Cth) 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 Qantas. The foreign ownership interest is the highest since Oct-2014, when it stood at 47.8%, having reached 48.8% in the previous month. It reached 50.4% in 2003, triggering a forced selldown of shares.
Monthly Share Price Snapshot:
|Air New Zealand||$2.98||$3.07||$3.14||$3.16|
Oil Prices Update: