Qantas Airways Limited

Codeshare Deal on 115 domestic routes between Qantas and Air New Zealand: Traditional rivals Qantas Airways Limited (ASX: QAN) and Air New Zealand planned to enter into the codeshare agreement that leverages the strengths of each of the carriers’ domestic networks, making travel within Australia and New Zealand easier. According to the deal, Qantas intends to add its code on up to 30 routes on Air New Zealand’s network while Air New Zealand intends to add its code up to 85 routes on Qantas’ domestic network. It will also allow customers of both airlines to use 36 domestic lounges on both sides of Tasman when flying on routes covered by the codeshare. Further, management of the company expects that both sides of customers will get full-service experience when they make domestic connections within New Zealand or Australia. This codeshare agreement does exclude trans-Tasman flights, simply domestic services at either end. Qantas will continue to codeshare on all connecting Jetstar services in New Zealand. Tickets for the new codeshare will be available by the end of July, for travel from 28 October 2018. We expect that new and existing international routes will support topline growth in years ahead.


Qantas to code on 30 Air New Zealand domestic services (Source: Company Reports)

Recently, the group informed the market that it has renewed its codeshare agreement with Air France to offer more travel options between Australia and France. This will provide the seamless travel experiences to its customers and strengthen its core airline partnership. We continue to maintain our positive outlook on the stock at the back of synergies with its joint ventures, positive market conditions, high return ratio, and dividends paid in the past three years that reflect upon the healthy financial status of the company. Based on the recent developments and anticipated benefits from oil price scenario, QAN stock has been up 13.2% in last three months, as at May 31, 2018.

 
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