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 full year results meeting. The carrier plans on completing a AUD328 million (USD237 million) share repurchase allocation. Last week’s buy back included:

    • 24-Sep-2018: 1,214,474 shares for a total consideration of AUD7.3 million (USD5.3 million);
    • 25-Sep-2018: 622,315 shares for a total consideration of AUD3.7 million (USD2.7 million);
    • 26-Sep-2018: 1,280,369 shares for a total consideration of AUD7.5 million (USD5.4 million);
    • 27-Sep-2018: 1,170,153 shares for a total consideration of AUD6.8 million (USD4.9 million).
    • 28-Sep-2018: 976,008 shares for a total consideration of AUD5.7 million (USD4.1 million).

    Alliance Airways:

    On 27-Sep-2018, Alliance Airways achieved its highest share price in the airline’s history reaching AUD2.48 (USD1.79). The price coincides with a three year contract extension with United States luxury tour provider Tauck to support Tauck’s Australian itineraries including Melbourne, Uluru, Cairns and Sydney.

    Oil Prices Update