Qantas Tops Asian Airline Stocks on Cheap Fuel, Rival's Demise [Yahoo! Finance]
QANTAS AIR LTD S/ADR NEW (QABSY)
NASDAQ:AMEX Investor Relations:
qantas.com/travel/airlines/investors/global/en
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Paris to Replace Parking Spaces With Trees Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll The shares have risen 68% in the past 12 months, beating all Asian peers in a Bloomberg gauge. Analysts have been scrambling to catch up with the stock's gains after recent results and the drop in oil, with the consensus price target climbing 30% in the past three months, according to Bloomberg-compiled data. While lower fuel costs have boosted the sector overall, Qantas is benefiting additionally from shrinking competition in Australia. Following a string of scandals, including phony flights and illegal sackings, investors are also applauding the company's efforts to right the ship since Vanessa Hudson took over as chief executive a little more than a year
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