Qantas Still Facing Stiff International Demand, but Executing on Cost Control; Shares Fairly Valued
Qantas’ first-half interim 2017 result puts the no-moat airline on track to slightly exceed our full-year profit forecast, as continuing international route competition was offset by lower fuel prices. Performance was aided by solid cost control in Qantas Domestic and robust performance in Jetstar. We retain our AUD 3.40 fair value estimate.Qantas' International segment continued to enjoy low-single-digit increases in capacity and passenger demand. However, this was tempered by intense competi...
Qantas Airways is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a Frequent Flyer loyalty program. Co. comprises following operating segments: Qantas Domestic, Qantas International, and Jetstar Group, all of which comprises its passenger flying businesses; Qantas Freight, which comprises its air cargo and express freight business; and Qantas Loyalty, which comprises its customer loyalty recognition programs.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.