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    QAN   AU000000QAN2


End-of-day quote. End-of-day quote Australian Stock Exchange - 11/30
5.06 AUD   +3.27%
08:15aQantas to boost flights and restart routes in queensland
01:30aAustralian shares end higher as Omicron fears ease; post third monthly loss
11/29Australian shares extend fall on COVID-19 variant fears
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Australia's Sydney to welcome overseas arrivals without quarantine

10/14/2021 | 08:40pm EST

SYDNEY, Oct 15 (Reuters) - The Australian city of Sydney will allow the entry of fully vaccinated travellers from overseas from Nov. 1 without the need for quarantine, authorities said on Friday, although the easing of strict entry controls will initially benefit only citizens.

The decision comes as New South Wales state, of which Sydney is capital, is expected to reach an 80% first-vaccination dose rate on Saturday, well ahead of the rest of Australia, which will enable it to bring forward the entry of overseas arrivals by several weeks.

"We need to rejoin the world. We can't live here in a hermit kingdom. We've got to open up," New South Wales Premier Dominic Perrottet said.

Australia closed its borders in March 2020 in response to the coronavirus pandemic, allowing entry almost exclusively only to citizens and permanent residents, who have to spend two weeks in hotel quarantine at their expense.

As well as ditching plans for home quarantine, which had been expected to replace hotel stays, Perrottet said New South Wales would welcome all overseas arrivals.

But he was quickly overruled by Prime Minister Scott Morrison who said the government would stick with plans to first open the border to citizens and permanent residents.

"This is about Australian residents and citizens first," Morrison told reporters in Sydney.

"The (federal) government has made no decision to allow other visa holders ... to come into Australia under these arrangements," he said.

Unvaccinated travellers from overseas will also be allowed back into New South Wales, but only 210 each week and they will have to undergo hotel quarantine upon arrival.


Australians have been unable to travel internationally for more than 18 months without a government waiver, and thousands of citizens and permanent residents in other countries have been unable to return after Canberra imposed a strict cap on arrivals to slow the spread of COVID-19.

Many of these are now expected to return via Sydney, even though some COVID-19 free states in Australia have closed their borders to New South Wales.

Qantas Airways said it would bring forward the restart of international flights from Sydney to London and Los Angeles by two weeks to Nov. 1 and would consider bringing forward the resumption of flights from some other places that had been expected in December.

Major airlines like Singapore Airlines, Emirates and United Airlines have continued to fly to Sydney throughout the pandemic but due to strict passenger caps, most of their revenue has been from cargo.

Singapore Airlines said it would open seats on all 17 of its weekly flights to Sydney for sales to eligible travellers. Previously, 10 of the flights had been cargo only.

New South Wales, meanwhile, reported 399 COVID-19 cases on Friday, well down from the state's pandemic high of 1,599 in early September.

Neighbouring Victoria state, where vaccination rates are lower, reported 2,179 new locally acquired cases, down from a record 2,297 a day earlier.

The capital Canberra on Friday exited a more than two-month lockdown, allowing cafes, pubs and gyms to reopen with strict social distancing rules.

Australia's overall coronavirus numbers are relatively low, with some 139,000 cases and 1,506 deaths.

(Reporting by Renju Jose and Colin Packham; additional reporting by Jamie Freed; Editing by Richard Pullin, Robert Birsel and Edwina Gibbs)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
QANTAS AIRWAYS LIMITED 3.27% 5.06 End-of-day quote.4.33%
SINGAPORE AIRLINES LIMITED -0.81% 4.87 End-of-day quote.13.79%
UNITED AIRLINES HOLDINGS, INC. -0.66% 42.26 Delayed Quote.-1.64%
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11/25QANTAS AIRWAYS : To boost flights and restart routes in queensland
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Sales 2022 9 078 M 6 471 M 6 471 M
Net income 2022 -598 M -426 M -426 M
Net Debt 2022 4 493 M 3 203 M 3 203 M
P/E ratio 2022 -16,9x
Yield 2022 0,01%
Capitalization 9 528 M 6 760 M 6 791 M
EV / Sales 2022 1,54x
EV / Sales 2023 0,86x
Nbr of Employees 22 000
Free-Float 97,2%
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Mean consensus BUY
Number of Analysts 13
Last Close Price 5,06 AUD
Average target price 6,18 AUD
Spread / Average Target 22,1%
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Managers and Directors
Alan Joseph Joyce CEO, Executive Director & Managing Director
Vanessa Hudson Chief Financial Officer
Richard J. B. Goyder Chairman
Robert Marcolina Group Executive-Strategy, People & Technology
Maxine Nicole Brenner Independent Non-Executive Director
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