This ASX airline you never heard of could see 40% earnings boost
Tony Yoo | April 27, 2021 2:03pm |
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Montgomery Investment Management founder Roger Montgomery has predicted a little-known ASX-listed airline could enjoy a 40% lift in earnings.
The veteran investor told his online subscribers that
Alliance Aviation Services Ltd (ASX: AQZ)’s advantage is that it “wet leases” planes to its big rivals in addition to its own operations.
“Under a wet leasing arrangement, Alliance supplies the aircraft as well as crew, maintenance, and insurance – while the customer pays by hours operated, pays for fuel, and covers airport fees, duties and taxes,” said Montgomery.
Australia-NZ bubble now open! The 4 ASX shares impacted
Tony Yoo | April 19, 2021 3:55pm |
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Keen investors will monitor the share prices for a batch of ASX-listed companies on Monday after a two-way travel bubble between Australia and New Zealand started operating.
The agreement between the two countries took effect late Sunday night AEST. This means travellers from either side no longer have to undergo mandatory COVID-19 quarantine in either country.
Qantas Airways Limited (ASX: QAN) and its budget brand Jetstar on Monday resumed all of its pre-COVID flights to New Zealand, plus a new route between the Gold Coast and Auckland.
Airbnb predicts huge rebound, ASX travel shares in the hot seat
Kerry Sun | April 19, 2021 11:41am |
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Global accommodation marketplace,
Airbnb believes it will need to add millions of new hosts to accommodate guests as travel rebounds following COVID-19. Its positive view on the industry could spell good news for ASX travel shares.
Airbnb expects travel industry to bounce back
CEO Brian Chesky told CNBC, “I think that we probably will have a high-class problem where there will probably be more guests coming to Airbnb than we’ll have hosts for because … we think there’s going to be a travel rebound coming that’s unlike anything we’ve ever seen.”
Qantas (ASX:QAN) share price edges higher on business update
Aaron Teboneras | April 15, 2021 10:25am |
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Qantas Airways Limited(ASX: QAN) shares are edging higher in early trade following an update on the company’s business operations. At the time of writing, the Qantas share price is trading 0.58% higher at $5.24. Meanwhile, the
Let’s take a look at the company’s update.
What’s boosting the Qantas share price?
Qantas shares are in the green on Thursday morning after the airline announced a number of updates in the ramp-up of its services.
Domestic travel
According to this morning’s release, Qantas’ domestic travel segment is on the road to recovery. This comes despite receiving setbacks throughout the Christmas and New Year period, and the Easter holidays. The first of these impacted FY21 earnings before interest, tax, depreciation and amortisation (EBITDA) to the tune of $400 million. The latter, a much
Trashed COVID-19 vaccine targets hit ASX travel shares
Mitchell Lawler | April 12, 2021 3:50pm |
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ASX-listed travel shares are tumbling lower today after the federal government dropped Australia’s COVID-19 vaccine targets as further uncertainty permeates.
The recent developments cast further doubt on the timeline for full travel resumption. In reaction to the uncertainty, travel shares are losing ground in today’s trading session.
Latest COVID-19 development
It seems the turmoil experienced in rolling out Australia’s national COVID-19 vaccine program has taken its toll on the federal government. Issues with acquiring supply from overseas, along with heightened concerns regarding AstraZeneca’s ties to rare blood-clotting cases, have impeded the government in reaching their earlier set vaccination targets.