|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||21.36 - 21.51|
|52-week range||14.65 - 21.55|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||28 Feb 2020|
|1y target est||N/A|
SYDNEY (Reuters) -Australia's Qantas Airways Ltd said on Friday it had agreed an A$802 million ($595 million) deal to sell land near Sydney Airport to a consortium led by LOGOS Property Group to reduce debt, as the carrier recovers from pandemic lows. "We'll use these funds to help pay down debt that we've built up during the pandemic," Qantas Chief Executive Alan Joyce said. Qantas shares were trading 2.3% higher at 00:00 GMT, ahead of a 0.5% gain in the broader market.
Qantas Airways Ltd expects to order more than 100 narrowbody and regional planes next year as well as widebodies capable of the world's longest commercial flights from Sydney to London, its chief executive said. Qantas plans to select the preferred supplier to replace its ageing fleet of 75 Boeing Co 737-800s and 20 717s in December, CEO Alan Joyce said in a virtual press briefing on the sidelines of the International Air Transport Association (IATA) annual meeting in Boston. "It is only once in a generation you go through a major fleet renewal like this," he told reporters.
The partnership includes integrated network collaboration with coordinated pricing, sales and scheduling, as well as a benefit-sharing model across Australia, New Zealand, Europe and the U.K. "As Qantas and Emirates recover from the impact that COVID-19 has had on their respective businesses, the partnership will continue to deliver financial upside for both airlines, " the companies said in a joint statement. The alliance https://www.reuters.com/article/uk-australia-qantas-shares-idUKBRE88501F20120906 was formed in 2013 as part of Qantas' efforts to shore up its loss making international business, replacing its existing deal with British Airways.