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: ASX (Prices in AUD)
Key news stories of the week
Qantas reported AllianceBernstein Australia Limited ceased to be a considered a ‘substantial holder’ in the carrier effective 31-Jul 2018, following the sale of 558,014 shares for a total consideration of AUD3.8 million (USD2.8 million).
Regional Express (Rex)
Rex deputy chairman and independent director John Sharp, speaking at the CAPA Australia Pacific Aviation & Corporate Travel Summit, stated the carrier’s performance is “climbing back up” and the “trend is there”, given the improving strength of the Australian economy as well as regional economies. Mr Sharp however warned that as a regional carrier, the airline “will not be safe” from the repercussions of wider global trade wars, particularly those between the US and China.
Oil Prices Update