Qantas Airways Limited (QAN.AX)
| Previous close | 5.90 |
| Open | 5.94 |
| Bid | 6.09 x 25257400 |
| Ask | 6.10 x 8220300 |
| Day's range | 5.92 - 6.11 |
| 52-week range | 4.67 - 6.83 |
| Volume | |
| Avg. volume | 8,114,782 |
| Market cap | 9.94B |
| Beta (5Y monthly) | 1.10 |
| PE ratio (TTM) | 6.63 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 02 Mar 2020 |
| 1y target est | N/A |
- Associated Press Finance
Qantas agrees to pay $79 million in compensation and a fine for selling seats on canceled flights
Qantas Airways agreed to pay 120 million Australian dollars ($79 million) in compensation and a fine for selling tickets on thousands of cancelled flights, the airline and Australia’s consumer watchdog said on Monday. The Australian Competition and Consumer Commission sued the Sydney-based airline in the Federal Court last year. The commission alleged that Qantas engaged in false, misleading or deceptive conduct by advertising tickets for more than 8,000 flights from May 2021 through to July 2022 that had already been canceled.
- Bloomberg
Qantas Settles ‘Ghost Flight’ Lawsuit as Cleanup Costs Mount
(Bloomberg) -- Qantas Airways Ltd. will pay a A$100 million ($66 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as Chief Executive Officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.Most Read from BloombergTruce Talks Drag as Hamas Hits Israel Crossing in Deadly AttackBuffett Praises Apple After Trimming It, Drops Paramount StakeTreasury Rally Risks Running Into a $125 Billion Brick WallFr
- Reuters
Australia's Qantas to pay $79 million to settle flight cancellation case
SYDNEY (Reuters) -Australia's Qantas Airways agreed to pay A$120 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already cancelled flights, in an attempt to end a reputational crisis that has engulfed the airline. The company will split A$20 million between more than 86,000 customers who booked tickets on the so-called "ghost flights" and pay a A$100 million fine instead of defending the lawsuit that it had previously vowed to fight, Qantas and the Australian Competition and Consumer Commission (ACCC) said on Monday. The fine is the biggest ever for an Australian airline and among the largest globally in the sector, although some Australian banks and casino operators have faced higher penalties for breaches of the law.
