The covid-19 pandemic has wreaked havoc on the global airline industry. Lockdowns, border restrictions, and social distancing measures have clipped Qantas' wings. Stringent Australian entry requirements for international arrivals and an effective ban on noncitizen, nonpermanent resident arrivals decimated passenger revenue, and despite aggressive cost-cutting, operating deleverage led to significant aftertax losses in 2021 and 2022.
Qantas' earnings are highly leveraged to improving macroeconomic conditions and unrestricted air travel.
Qantas is exposed to cyclical factors outside management's control, including passenger demand, fuel prices, and exchange rates.
|
Metric
|
QAN
|
DAL
|
AIR
|
|---|---|---|---|
Price/Earnings (Normalized) | 6.55 | 7.36 | — |
Price/Book Value | 84.72 | 2.74 | 0.89 |
Price/Sales | 0.51 | 0.52 | — |
Price/Cash Flow | 2.95 | 4.60 | — |
|
Metric
|
QAN
|
DAL
|
AIR
|
|---|---|---|---|
Quick Ratio | 0.27 | 0.29 | 0.60 |
Current Ratio | 0.33 | 0.41 | 0.74 |
Interest Coverage | 7.20 | 8.69 | −0.51 |
|
Metric
|
QAN
|
DAL
|
AIR
|
|---|---|---|---|
Return on Assets (Normalized) | 8.17% | 5.85% | −1.08% |
Return on Equity (Normalized) | 3,684.51% | 47.04% | −5.85% |
Return on Invested Capital (Normalized) | 27.00% | 13.54% | −0.62% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Delta Air Lines Inc
DAL
| Vrlmpsc | Zwdl | $30.6 Bil | |||
| Ryanair Holdings PLC ADR
RYAAY
| — | Bsnfg | $20.1 Bil | |||
| Ryanair Holdings PLC
RYAOF
| — | Fvnpz | $20.1 Bil | |||
| Southwest Airlines Co
LUV
| Mrmvbhjsx | Vgqf | $17.1 Bil | |||
| United Airlines Holdings Inc
UAL
| Pdqsccf | Jclw | $16.0 Bil | |||
| Singapore Airlines Ltd
SINGF
| — | Mwzz | $15.4 Bil | |||
| Singapore Airlines Ltd ADR
SINGY
| — | Cjzy | $15.4 Bil | |||
| Air China Ltd ADR
AIRYY
| — | Ymhft | $13.8 Bil | |||
| Air China Ltd Class H
AICAF
| — | Jcdn | $13.8 Bil | |||
| American Airlines Group Inc
AAL
| Znftygm | Srrk | $7.3 Bil |
