Qantas shares dipped 2.97% to A$5.22 ($4.30) yesterday, one day after trading was suspended in the wake of the chaotic collapse of Airline Partners Australia's A$5.45-per-share bid for the airline. The decline was not the magnitude predicted by APA, although the consortium's indication that it may return with another offer likely helped support the share price (ATWOnline, May 8). Qantas shares now are trading at 10 times forward earnings for 2008, while Air New Zealand is trading at 17 times ...

Subscribe to Access this Entire Article

"Qantas shares drop slightly as fallout from failed bid settles" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.