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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Qantas Airways Limited    QAN   AU000000QAN2

QANTAS AIRWAYS LIMITED

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Qantas Airways : FLYING KANGAROO TO LAUNCH LAUNCESTON TO SYDNEY SERVICE, RESTART FLIGHTS FROM HOBART

10/27/2020 | 12:35am EST

Qantas has today announced it will launch a new route between Sydney and Launceston for the summer holidays following the easing of border restrictions between New South Wales and Tasmania.

Beginning 4 December 2020, Qantas will operate three return services per week with its Boeing 717 aircraft, increasing to four return services from the following week onwards until 1 February.

This will give travellers almost 900 additional seats on the route each week. The airline will look to add more flights beyond eight week period if there is demand. This is the first time the flying kangaroo has flown Launceston-Sydney since 2004.

With borders opening up, Qantas will also restart flights between Hobart to Sydney, with 11 return services per week from 6 November 2020.

This announcement follows two other new routes the Qantas Group has launched to Tasmania in response to demand - Brisbane-Hobart with Qantas and Gold Coast-Hobart with Jetstar.

As a result of these additional flights, the Qantas Group will offer more than 125,000 seats between Tasmania and the mainland in December, representing more than 10 per cent of total published Qantas Group domestic capacity for the month.

To celebrate the new route, Qantas is offering special fares starting from $149 one-way, available for sale until Friday 30 October, unless sold out prior.

Qantas Domestic and International CEO Andrew David said 'As the national carrier, we're delighted to add direct flights between Launceston and Sydney for the first time in 16 years.

'We know there is huge pent-up demand for domestic travel with Australians looking for new destinations to explore.

'These new services to Launceston will help more people discover Tasmania's beautiful north and give locals more options to get to Sydney.

'We'll keep a close eye on demand and if it proves successful we will look to extend the service.

'We're delighted to be reconnecting Australia and these flights will help more of our people get back to work.'

Disclaimer

Qantas Airways Ltd. published this content on 27 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2020 05:34:01 UTC


© Publicnow 2020
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Financials
Sales 2021 6 325 M 4 701 M 4 701 M
Net income 2021 -1 034 M -768 M -768 M
Net Debt 2021 4 992 M 3 710 M 3 710 M
P/E ratio 2021 -8,50x
Yield 2021 -
Capitalization 9 890 M 7 352 M 7 350 M
EV / Sales 2021 2,35x
EV / Sales 2022 1,04x
Nbr of Employees 20 000
Free-Float 99,4%
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Average target price 5,16 AUD
Last Close Price 5,27 AUD
Spread / Highest target 33,8%
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Alan Joseph Joyce CEO, Executive Director & Managing Director
Richard J. B. Goyder Chairman
Vanessa Hudson Chief Financial Officer
Robert Marcolina Group Executive-Strategy, Innovation & Technology
Barbara Kay Ward Independent Non-Executive Director
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