Qantas Airways Limited (ASX:QAN) Company Information
Qantas Share Price & Information
Qantas Airways Ltd [ASX:QAN] hardly needs an introduction.
Founded in 1920, it is the world's second-oldest airline and Australia's largest domestic and international airline.
It was founded in November 1920 by First World War veterans Paul McGinness and Hudson Fysh, who registered the airline as Queensland and Northern Territory Aerial Services Ltd (QANTAS).
McGinness and Fysh envisaged Qantas connecting Australia to the world, and in 1935 Qantas launched services between Brisbane and Singapore.
Qantas also credits itself as the first airline to introduce a Business Class cabin, rolled out in 1979.
In 2004, Qantas launched Jetstar — a low-cost carrier that now has five Jetstar-branded airlines across the Asia Pacific.
Jetstar and Qantas comprise the main business of the Qantas Group, operating regional, domestic, and international services.
The company's subsidiary businesses include Qantas Freight Enterprises, Qantas Frequent Flyer, Qantas Loyalty, among further subsidiary businesses with other airlines.
The airline's financial framework includes the overarching objective to maintain earnings per share growth over the cycle, to deliver total shareholder returns in the top quartile of the ASX 100, and a peer group of global, listed airlines.
Qantas Airways Limited (ASX:QAN) Financial Information
Frequently Asked Questions about Qantas Airways Limited (ASX:QAN)
What is the all-time high for Qantas’s share price?
The Qantas share price, listed on the ASX, reached its peak of $7.30 per share in October 2019.
Is Qantas paying a dividend?
In June 2020, Qantas revoked its FY2020 interim dividend as part of its post-COVID recovery plan.
As a result, Qantas avoided a $201 million cash outflow, bolstering its liquidity.
The last time Qantas paid out a dividend was in September 2019.
Who are the major shareholders of Qantas?
As of 14 August 2020, the top five largest Qantas shareholders are HSBC Custody (Australia) with 33%, JPMorgan Australia with 17.65%, Citicorp with 9.80%, National Nominees with 7.25%, and BNP Paribas with 3.40%.
Pendal Group owns 5.22% of Qantas’s ordinary shares, making it the airline’s largest substantial shareholder.
The Qantas share price today: Will Qantas bounce back in 2021?
According to Sondal Bensan, an analyst at Pendal Group — Qantas’s largest substantial shareholder — the airline’s short-term recovery is out of its control.
‘There’s still the opportunity to get the full domestic schedule back up before the vaccine is rolled out, but the risk of panic border closures will remain.
‘Vaccinating and getting herd immunity will be the key turning point.’
Qantas expects an $11 billion revenue drop in 2021, having recorded a $1.9 billion statutory after-tax loss in the 2020 financial year.
For more on Qantas’s share price performance, check out our past coverage below.