Major airlines are cutting services to China or quitting entirely amid low travel demand, high costs [CNBC]
QANTAS AIR LTD S/ADR NEW (QABSY)
NASDAQ:AMEX Investor Relations:
qantas.com/travel/airlines/investors/global/en
Company Research
Source: CNBC
Weak demand in and out of China is a major issue that's also leading to airlines' retreat. Major global airlines are reducing services and, in some instances, withdrawing from China altogether as longer routes to Asia following the closure of Russian airspace have raised operational costs, while demand has been low. A new report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months. Virgin Atlantic and Scandinavian Airlines, for instance, are completely withdrawing from China, the companies' websites show. Virgin Atlantic ceased all flights to Hong Kong — and closed an office there — in 2022, ending the airline's 30-year presence in the Asian financial hub. John Grant, chief analyst at the aviation intelligence company OAG, said the situation is “going to get more pronounced, before it gets any better.” British Airlines has steadily downgraded the size of jets it flies into China, said Grant. Routes that were fly
Show less
Read more
Impact Snapshot
Event Time:
QABSY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
QABSY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
QABSY alerts
High impacting QANTAS AIR LTD S/ADR NEW news events
Weekly update
A roundup of the hottest topics
QABSY
News
- Qantas Tops Asian Airline Stocks on Cheap Fuel, Rival's Demise [Yahoo! Finance]Yahoo! Finance
- Commercial Jet Flies Nearly 300 Hours with Tool Stuck in its Engine [Yahoo! Finance]Yahoo! Finance
- Tourists stranded in Bali for days after Indonesia's volcanic eruption grounds international flights [FOX News]FOX News
- Indonesia's volcanic eruption grounds international flights on tourist island of Bali [Yahoo! Finance Canada]Yahoo! Finance Canada
- Indonesia's volcanic eruption grounds international flights on tourist island of Bali [Yahoo! Finance Canada]Yahoo! Finance Canada