SUBSCRIBERS
Qantas shares surge on forecast fall in 2015 fuel bill
Published Tue, May 12, 2015 · 09:50 PM
Sydney
SHARES of Qantas Airways Ltd surged to their highest level in more than six years in Sydney after Australia's biggest carrier said the global drop in oil prices would help cut its fuel bill this year.
The stock jumped 7.2 per cent to A$3.56, the highest level since September 2008, after Qantas said it would spend about A$550 million (S$586 million) less on fuel this year a…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Ford profit beats on commercial sales; EVs still dragging
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Boeing reports first revenue drop in 7 quarters as deliveries decline
Volkswagen to keep China market share stable as price war rages
COE quota for May-July up 2.7%; passenger car categories rise despite less cut-and-fill
Tesla profits tumble but shares rise on new vehicle plan