Qantas Airways Limited (QAN.AX)

Qantas Airways Limited (QAN.AX)

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Qantas Airways Limited (QAN.AX) Profile

Qantas Airways Ltd (QAN.xasx) is an Australian leading long-distance airline and one of the strongest brands with headquarters in Sydney. Qantas Airways is the world’s third-oldest airline and has a 65% share of the Australian domestic market. Qantas broad portfolio of subsidiaries, among others, are Qantas Freight Enterprises, Qantas Frequent Flyer, Jetconnect, Qantas Holidays, Network Aviation, Australian airExpress, Eastern Australian Airlines. Qantas is a key economic enabler and facilitator of growth in the entire country with operations to over 50 domestic and 27 international destinations, including Australia, New Zealand, Mexico, United States, Canada, South Africa, United Kingdom, India, Hong Kong, China, Singapore, and the United Arab Emirates (including the destinations served by its subsidiaries) and offering over 200 additional destinations to codeshare partners. Qantas Airways Ltd (QAN.xasx) has a market capitalisation of $9.86 (AUD) as of November 2021, and the stock is listed ASX (Australian Securities Exchange Ltd). The company owns a fleet of 314 aircraft and procures goods and services from 13,000 suppliers with 29,055 employees and yearly 2021 revenue of $5.9B (AUD). As a result of the COVID-19 pandemic, Qantas lost $20B (AUD) in revenue. As for the year 2021-2022 company’s plans, Qantas’12 A380s will return to service for London and Los Angeles flights with A380 superjumbo jets, start operating flights between Delhi-Sydney with Aurbus A330, resuming the A380 service from Singapore Airlines, British Airways, and Qatar Airways, and deliver three new B787-9 planes.

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