Report
Carolyn Holmes
EUR 147.86 For Business Accounts Only

The industry's cyclical nature presents challenges in achieving long-term sustainable returns.

Just when we thought fiscal 2016 and fiscal 2017 would deliver some stellar results for Qantas, its wings have been clipped by softer domestic demand and airfare discounting on domestic and international routes. In its operating data release, group revenue/available seat kilometres for the nine months to March was lower than the prior corresponding period for both its domestic and international operations, even though RASK in the 2016 interim result was up 2%, implying a stark deterioration in t...
Underlying
Qantas Airways Limited

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.

Provider
Morningstar
Morningstar

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.

Analysts
Carolyn Holmes

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