Latest news with #QantasAirways
West Australian
44 minutes ago
- Business
- West Australian
Virgin Australia targeting $685 million initial public offering as shareholder Bain rides rally
Bain Capital-controlled airline Virgin Australia will relist in a A$685 million initial public offering, betting investors are brushing off the turmoil caused by US President Donald Trump's trade war. The US private equity firm is selling 30 per cent of Virgin Australia at $2.90 a share, it said in a statement Wednesday. The price equates to about seven times the airline's forecast earnings for the year ending June 2025, a discount to local giant Qantas Airways, which trades at around 10 times expected earnings for the same period. Billions of dollars' worth of acquisitions and IPOs worldwide were put on hold globally as Trump's trade war ripped through markets. But Australia's benchmark S&P/ASX 200 index has surged about 15 per cent from an April low, opening a window for Bain to push through Virgin Australia's long-awaited return to the exchange. Qantas stock is at a record high. Bain bought Virgin Australia in 2020 after it collapsed at the start of the Covid pandemic and has been planning for the IPO for at least two years, according to filings from the airline. After the float, Bain will own around 40 per cent of the carrier, while Qatar Airways has a 25 per cent stake. Virgin Australia's first run as a publicly traded entity didn't go well. Even before the carrier's 2020 demise, most of the stock was locked up by a handful of airlines that were largely inert investors and unwilling to tip in additional funding to keep it going through the pandemic. Relatively few shares changed hands each day, and the stock rarely traded above its IPO price. Bloomberg.
Yahoo
22-05-2025
- Business
- Yahoo
Why The 23% Return On Capital At Qantas Airways (ASX:QAN) Should Have Your Attention
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. Speaking of which, we noticed some great changes in Qantas Airways' (ASX:QAN) returns on capital, so let's have a look. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. The formula for this calculation on Qantas Airways is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.23 = AU$2.3b ÷ (AU$22b - AU$12b) (Based on the trailing twelve months to December 2024). So, Qantas Airways has an ROCE of 23%. In absolute terms that's a great return and it's even better than the Airlines industry average of 8.9%. See our latest analysis for Qantas Airways In the above chart we have measured Qantas Airways' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Qantas Airways . Qantas Airways' ROCE growth is quite impressive. The figures show that over the last five years, ROCE has grown 105% whilst employing roughly the same amount of capital. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. It's worth looking deeper into this though because while it's great that the business is more efficient, it might also mean that going forward the areas to invest internally for the organic growth are lacking. On a side note, we noticed that the improvement in ROCE appears to be partly fueled by an increase in current liabilities. Essentially the business now has suppliers or short-term creditors funding about 54% of its operations, which isn't ideal. Given it's pretty high ratio, we'd remind investors that having current liabilities at those levels can bring about some risks in certain businesses. To bring it all together, Qantas Airways has done well to increase the returns it's generating from its capital employed. Since the stock has returned a staggering 157% to shareholders over the last five years, it looks like investors are recognizing these changes. With that being said, we still think the promising fundamentals mean the company deserves some further due diligence. If you'd like to know about the risks facing Qantas Airways, we've discovered 2 warning signs that you should be aware of. Qantas Airways is not the only stock earning high returns. If you'd like to see more, check out our free list of companies earning high returns on equity with solid fundamentals. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Dubai Eye
19-05-2025
- Climate
- Dubai Eye
Indonesia raises alert to highest level for Lewotobi Laki-laki volcano
Indonesia raised the alert level of Mount Lewotobi Laki-laki to the highest after it erupted eight times over the weekend, its volcanology agency has said. Lewotobi Laki-laki, located on Flores island in eastern Indonesia, spewed volcanic ash between 3 km to 5.5 km high on Sunday, Muhammad Wafid, the agency's head said in a statement late on Sunday. "Our analysis showed that the activities of Mount Lewotobi Laki-laki are still high so we raised the status level starting on Sunday at 08:00 p.m. (1200 GMT)," he said. Images shared by the agency showed clouds of thick grey ash billowing from the crater. Rumbling noises with low to high intensity were heard from the nearest monitoring post during the eruption, Wafid added. On Monday morning, the volcano erupted again, belching 1.2 km high ash clouds. The agency said a 6km radius from the crater must be cleared and warned the residents of the risk of cold lava flow from the crater once heavy rains took place. There has not been any evacuation of residents or flight cancellations due to the eruptions so far, said Heronimus Lamawuran, a local government official. In March, an eruption at Lewotobi Laki-laki forced some airlines to cancel and delay flights into Bali, including Australia's Jetstar and Qantas Airways. At least nine people were killed and thousands were evacuated when the volcano erupted in November last year. Indonesia sits on the "Pacific Ring of Fire", an area of high seismic activity atop multiple tectonic plates.
NBC News
19-05-2025
- Climate
- NBC News
Indonesia raises alert to highest level for Lewotobi Laki Laki volcano
JAKARTA, Indonesia — Indonesia raised the alert level of Mount Lewotobi Laki L aki to the highest after it erupted eight times over the weekend, its volcanology agency has said. Lewotobi Laki Laki, located on Flores island in eastern Indonesia, spewed volcanic ash between 1.86 and 3.42 miles high on Sunday, agency head Muhammad Wafid said in a statement late Sunday. 'Our analysis showed that the activities of Mount Lewotobi Laki Laki are still high so we raised the status level starting on Sunday' at 8 p.m. (9 a.m. ET), he said. Images shared by the agency showed clouds of thick gray ash billowing from the crater. Rumbling noises with low to high intensity were heard from the nearest monitoring post during the eruption, Wafid added. On Monday morning, the volcano erupted again, belching ash clouds three-quarters of a mile high. The agency said a radius of more than 3.5 miles from the crater must be cleared and warned residents of the risk of cold lava flow from the crater once heavy rains took place. There has not been any evacuation of residents or flight cancellations due to the eruptions so far, said Heronimus Lamawuran, a local government official. In March, an eruption at Lewotobi Laki Laki forced some airlines to cancel and delay flights into Bali, including Australia's Jetstar and Qantas Airways. At least nine people were killed and thousands were evacuated when the volcano erupted in November last year.
New Straits Times
19-05-2025
- Climate
- New Straits Times
Indonesia raises alert to highest level for Lewotobi Laki-laki volcano
JAKARTA: Indonesia raised the alert level of Mount Lewotobi Laki-laki to the highest after it erupted eight times over the weekend, its volcanology agency has said. Lewotobi Laki-laki, located on Flores island in eastern Indonesia, spewed volcanic ash between 3 km to 5.5 km high on Sunday, Muhammad Wafid, the agency's head said in a statement late on Sunday. "Our analysis showed that the activities of Mount Lewotobi Laki-laki are still high, so we raised the status level starting on Sunday at 8 pm (1200 GMT)," he said. Images shared by the agency showed clouds of thick grey ash billowing from the crater. Rumbling noises with low to high intensity were heard from the nearest monitoring post during the eruption, Wafid added. On Monday morning, the volcano erupted again, belching 1.2 km high ash clouds. The agency said a six-km radius from the crater must be cleared and warned the residents of the risk of cold lava flow from the crater once heavy rains took place. There has not been any evacuations of residents or flight cancellations due to the eruptions so far, said Heronimus Lamawuran, a local government official. In March, an eruption at Lewotobi Laki-laki forced some airlines to cancel and delay flights into Bali, including Australia's Jetstar and Qantas Airways. At least nine people were killed and thousands were evacuated when the volcano erupted in November last year. Indonesia sits on the "Pacific Ring of Fire", an area of high seismic activity atop multiple tectonic plates.
