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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Qantas Airways Limited       

QANTAS AIRWAYS LIMITED
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Qantas Airways : AND EMIRATES WELCOME ACCC DRAFT DETERMINATION

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02/16/2018 | 01:16am CEST

Qantas and Emirates welcome the Australian Competition and Consumer Commission's (ACCC) draft determination that proposes to grant authorisation for their partnership for another five years.

The continuation of the joint business, announced in August 2017, will see the airlines deliver expanded services to better leverage each other's networks, offering travellers improved schedule choice, increased frequent flyer benefits and an ongoing commitment to developing world class products and travel experiences for customers.

A final decision is expected in March 2018.

Comments from a Qantas spokesperson:

'The ACCC's draft determination is an important step in helping us deliver a better travel experience and more options between Australia, the UK and Europe for millions of customers.

'The first five years of the partnership has lived up to the promise of serving our customers better, together, and the changes to our network are designed to reinforce this for the next five years.

'With three options to get to Europe, via Perth, Singapore and Dubai, and more frequencies between Australia and New Zealand, the partnership better reflects customer demand, leverages new aircraft technology and plays to each airline's respective network strengths.'

Comments from an Emirates spokesperson:

'We are pleased that the ACCC's draft determination supports the authorisation of our partnership with Qantas for a further five years until 2023.

'More than 8 million passengers have benefited from Emirates and Qantas' joint network since the partnership began in 2013, and we look forward to continue leveraging on each airline's unique strengths to offer travellers even more choice and enhanced services in the coming years.'

Qantas Airways Ltd. published this content on 16 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 February 2018 00:15:05 UTC.

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Financials (AUD)
Sales 2019 17 859 M
EBIT 2019 1 597 M
Net income 2019 991 M
Debt 2019 2 041 M
Yield 2019 3,28%
P/E ratio 2019 9,52
P/E ratio 2020 9,24
EV / Sales 2019 0,68x
EV / Sales 2020 0,64x
Capitalization 10 034 M
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 6,99  AUD
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Alan Joseph Joyce CEO, Executive Director & Managing Director
Richard Leigh Clifford Chairman
Tino Enrico La Spina Group Chief Financial Officer
Robert Marcolina Group Executive-Strategy, Innovation & Technology
Susan Doniz Chief Information Officer
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