Australia's Qantas says March passenger numbers up 8.3 pct yr-on-yr

Sydney (XFN-ASIA) - Qantas Airways Ltd said its total group

passenger numbers increased by 8.3 pct in March from the same month a year earlier.

Qantas said that March revenue passenger kilometers (RPKs) were up were 10.2 pct year-on-year while available seat kilometers (ASKs) were up 2.5 pct, resulting in a revenue seat factor of 80.7 pct, 5.6 percentage points higher.

The airline group earlier this week acknowledged an 11 bln aud takeover offer from a consortium led by Macquarie Bank Ltd had failed despite the bid being recommended by its board.

Some Qantas shareholders refused to accept the offer of 5.45 aud a share, arguing that the company's earnings potential meant the bid was too low.

Qantas closed down 0.01 at 5.22 aud, valuing the company at 10.36 bln aud.

Want More Analysis Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More