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The Zip Co Ltd (ASX: Z1P) share price has struggled to deliver meaningful shareholder returns in the last 12-months, with every major move up met with a mitigating selloff.

With highly anticipated full year FY21 results right around the corner, could investors learn anything from last year’s results?

What happened last earnings season?

The buy now pay later (BNPL) sector was running hot right before earning season last year.

Between 1 and 26 August, the Zip share price managed to rally 62.5% from $5.94 to $9.65.

This move up was fueled by a QuadPay trading update on 24 August and an Ebay partnership announcement on 26 August.

It looked as though investors had been buying the rumour and selling the news, as the Zip share price would tumble following the release of its FY20 results on 27 August.

The FY20 results would highlight record figures across the board with revenue increasing 91% to $161 million, transaction volumes lifting 87% to $2.1 billion and a 62% increase in customers to 2.1 million.

On the day of its full year results, the Zip share price would rally 8.39% on open to $10.46, before selling pressure would drag the company’s shares to a negative close of 4.66% to $9.20.

The Zip share price would continue to tumble in the following days, hitting a low of $5.83 by 14 September.

What should investors note about this earning season?

It looks like it has become increasingly difficult to ‘wow’ investors.

Take Zip’s fourth quarter results for example.

The company delivered triple digit growth across most key operating metrics.

During the quarter, Zip’s revenue increased 104% year-on-year to $129.9 million, transaction volumes jumped 116% to $1.8 billion and customers increased 87% to 7.3 million.

The update also delivered the company’s first quarter of trading in the UK, with “strong growth in transaction volume and customer numbers”.

In addition to organic launches in Canada and Mexico.

And noted that the Europe and Middle East acquisitions are expected to be finalised in Q1 FY22 and Q2 FY22 respectively.

Despite the good news, the Zip share price would open 2.90% higher to $7.80 before sliding 7.92% lower by market close to $6.98 on the day of the announcement.

Zip share price snapshot

The Zip share price is up 40.7% year-to-date with most of these gains taking place between January and February.

In terms of its FY21 performance, Zip shares have nudged 4% higher.

The post How did the Zip (ASX:Z1P) share price respond last earnings season? appeared first on The Motley Fool Australia.

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• These were the best performing ASX 200 shares last week
• What does the future look like for the Zip (ASX:Z1P) share price?
• Why Argosy Minerals, Genworth, Vulcan, & Zip shares are charging higher

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Suncorp Group Ltd (ASX: SUN) share price is soaring today after the company released its financial year 2021 (FY21) results.

Suncorp not only announced a 42% increase to its cash earnings over the year ended 30 June 2021 – beyond the earnings analysts had predicted – but also a $250 million on-market buyback.

The market’s responded positively to the news, boosting the Suncorp share price 8.77% higher. Right now, shares in the banking and insurance company are swapping hands for $12.90 apiece.

Even more exciting, today saw Suncorp reach a new 52-week high. The company’s shares were trading for $12.92 apiece at their intraday high.

Let’s take a closer look at Suncorp’s FY21 results.

The year that’s been for Suncorp

Suncorp’s results for FY21 have seen the company’s share price soar.

This morning, Suncorp reported it had earned around $1.06 billion of cash earnings over the year and brought in a net profit after tax of approximately $1.03 billion – 13% more than the previous financial year.

It also announced it will hand its shareholders a 40 cent final dividend as well as an 8 cent special dividend. Both will be fully franked.

Suncorp’s chair Christine McLoughlan said the dividend and share buyback combined will see $1.2 billion returned to Suncorp shareholders.

Over FY21, 47% of the company’s income came from its insurance division, with the banking and wealth division bringing in another 36%. Suncorp New Zealand drummed in the rest.

Unfortunately, Suncorp wasn’t able to give a strong outlook for FY22. However, it’s confident it will perform well in FY23.

It plans to start investing in strategic growth initiatives that are expected to see results midway through FY22 and come to fruition in FY23.

Suncorp share price review

The year that’s been has seen the Suncorp share price performing well on the ASX.

Right now, it’s almost 50% higher than it was this time last year. It is also up 30% year to date.

Suncorp has a market capitalisation of around $16.4 billion, with approximately 1.2 billion shares outstanding.

The post Suncorp (ASX:SUN) share price surges as FY21 earnings outperform appeared first on The Motley Fool Australia.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. 

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Bitcoin (CRYTPO: BTC) price has slipped over the past 24 hours, down 2% to US$43,502 (AU$58,786).

The retrace comes after a strong run higher that kicked off last Thursday, when Bitcoin was trading for US$37,800.

A bit of back of the napkin maths then tells us the world’s biggest crypto by market cap has gained 15% since Thursday’s low. And the token is back up to a year-to-date gain of 49%.

While that’s nothing to sneeze at, its 2021 gains pale in comparison to the world’s number 2 crypto, Ethereum (CRPYTO: ETH).

The Ether price is down 6% over the past 24 hours to US$2,936. But Ether remains up 300% for the calendar year. Or more than 6 times the gains posted by Bitcoin.

Does Ether still classify as an altcoin?

You may have heard Ether referred to as an altcoin.

But with a market cap that now stands at roughly US$344 billion, is that still the right way to refer to it?

For that answer, the Motley Fool turned to Ray Brown, market analyst at Australian crypto and Bitcoin exchange CoinSpot.

Brown told us, “Defined as an ‘alternative’ to Bitcoin, Ethereum could still be considered an altcoin.”

What differentiates the 2 biggest cryptos, Brown said, is that:

Where Bitcoin functions primarily as a currency, Ethereum has been designed as an “open source” network that provides a foundation for other applications and smart contracts. For this reason, Ethereum provides the ideal environment for the 1000s of other altcoins that have developed and scaled their own projects using the Ethereum blockchain.

So, with a 300% price gain, is Ether among the best performing altcoins of the year?

Hardly…

The best performing altcoin of 2021

“When it comes to best performing altcoins on CoinSpot,” Brown told us on Friday, “the number one on the list is currently Telcoin (TEL).”

If you’re not familiar with Telcoin, you’re not alone.

Asked just what this altcoin does, Brown explained:

Telcoin is a new cryptocurrency offering unique services such as providing mobile phone users with the functionality to send money across borders in a more efficient manner than that offered by traditional banking services.

Telcoin has a market cap just north of US$908 million. And its 2021 price gains have been nothing short of phenomenal.

“Telcoin has gained widespread attention as it gained 10,063% year to date,” Brown said.

And just how did it power so much higher so quickly?

“Driving its success,” Brown said, “in July 2021, Telcoin closed a $10 million funding round, introduced a new Telcoin platform stack and two new user-owned decentralised finance (DeFi) products.”

Another top performer on CoinSpot is Axie Infinity (CRYPTO: AXS). According to Brown, that token had gained 7,002% year-to-date, as at Friday.

If you thought Bitcoin was volatile…

When you start hearing about returns like 10,000% in less than a year, it can trigger the old greed factor.

But before giving into any fear of missing out on the potential outsized gains offered by altcoins, remember many can lose some or even all their value in short order.

And the smaller cryptos (outside of most stablecoins) often see far sharper price swings than Bitcoin.

“As many altcoins aren’t as widely known as Bitcoin, they often lack exposure and acceptance, which can often contribute to some additional volatility,” Brown told us.

However, he does see a potentially valuable role for altcoins in the crypto world:

One of the main advantages of altcoins is that by their nature they serve as an alternative investment option to Bitcoin. Many altcoins are working towards very different goals and attempting to build products for a huge variety of purposes.

The post Beyond Bitcoin – the risks and rewards of investing in altcoins appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

News Corp (ASX: NWS)

According to a note out of Goldman Sachs, its analysts have retained their conviction buy rating and increased their price target on this media giant’s shares to $44.50. This follows the release of its full year result last week. And while News Corp fell a touch short of its expectations, the broker remains very positive on its outlook. It is forecasting operating earnings growth of 17% in FY 2022. It also believes share buybacks could unlock value for shareholders. The News Corp share price is trading at $32.37 today.

REA Group Limited (ASX: REA)

A note out of Morgan Stanley reveals that its analysts have retained their overweight rating and $185.00 price target on this property listings company’s shares. Morgan Stanley was pleased with REA’s FY 2021 result. And while it suspects that its first half result could be a touch softer than expected in FY 2022 because of lockdowns, it expects listing volumes to rebound quickly. In light of this, it appears to believe any short term share price weakness would be a buying opportunity. The REA share price is fetching $154.24 today.

ResMed Inc (ASX: RMD)

Analysts at Morgans have retained their add rating and lifted their price target on this sleep treatment company’s shares by almost 42% to $41.34. This follows the release of a stronger than expected fourth quarter update last week. It also notes that management expects a US$300 million to US$350 million revenue benefit in FY 2022 from the product recall by rival Philips. The broker notes that this has led to unsatisfied demand everywhere. Though, Morgans acknowledges that bottlenecks in the supply chain could limit the benefit from pent-up demand for devices. The ResMed share price is trading at $37.77 today.

The post Leading brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended REA Group Limited and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Treasury Wine Estates Ltd (ASX: TWE) share price is in the red after The Australian reported the entire wine industry is facing a shortage in oak barrels.

At the time of writing, shares in the Penfold’s brand owner are selling for $11.98 – down 0.58%. For comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.11% higher.

Let’s take a closer look at today’s news.

An oak barrel shortage?

According to the newspaper report, the COVID-19 pandemic has severely disrupted the global supply chain of French oak wine barrels. Diminishing supply has sent the price of the highly sought-after containers rocketing to more than $2,000 a unit. And as we know, constricted supply in any given product usually leads to price increases.

The report said the supply chain issues were a result of “lengthy delays out of Europe, storms that have destroyed oak trees and a lack of shipping containers…”

Australian Grape and Wine chief executive Tony Battaglene was quoted in the paper as saying:

“It is difficult to get and even more difficult to get on a boat, and the price of freight is really starting to cause problems… and when margins are tight it makes a big difference and there is a big concern – I don’t know what we can do about it.”

With Treasury Wine shut out of its biggest market, China, for the next five years – its margins were already pretty tight. These additional costs appear to concern investors, judging by the falling Treasury Wine share price.

Supply issues hit other sectors

French oak barrels are not the only product hit by the global pandemic. Notoriously, a shortage in semiconductor chips is wreaking havoc on the tech sector and new and used car market. An initial cut back in production and rocketing demand – with everyone working from home – has seen the price of the computer chips skyrocket.

Another product with COVID-related supply problems is timber.

As Motley Fool Australia has reported, timber prices have increased 300% and even 400% on falling supply as well as increased demand. These issues have led to short term spikes in inflation.

Apparently, not even wine is immune to the pandemic.

Treasury Wine share price snapshot

Over the past 12 months, the Treasury Wine share price has increased 8.73%. That’s a 15-percentage point underperformance of the ASX 200. Year-to-date, however, has been better for shareholders. In that time, Treasury Wine shares have appreciated 25.7% to the benchmark’s 12.9%.

Treasury Wine Estates has a market capitalisation of around $8.7 billion.

The post Treasury Wine (ASX:TWE) share price struggles amid supply concerns appeared first on The Motley Fool Australia.

More reading

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• Leading broker names 3 of the best ASX shares to buy in August
• Why the Treasury Wine (ASX:TWE) share price has soared 24% in 2021
• Are the 10 highest paid ASX 200 CEOs worth their paypackets?

Motley Fool contributor Marc Sidarous has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Fortescue Metals Group Ltd (ASX: FMG) share price looked as if it was going to break out after a record close of $26.50 on 29 July.

Previously, the Fortescue share price spent 7 months trading sideways after an earlier high of $26.27 on 8 January.

Unfortunately, since their last record close, Fortescue shares have staged a sharp U-turn, tumbling more than 14% in the past 7 trading sessions to $22.76 at the time of writing.

What triggered the sharp selloff?

The sharp decline in iron ore prices has underscored the weakness across ASX iron ore shares.

Two weeks ago, iron ore prices were well above the US$200/tonne mark.

However, steel production mandates from China have seen prices rapidly pull back, sliding to US$172/tonne according to Market Index.

The sharp collapse in iron ore prices saw the Fortescue share price slide 6.06% to $24.90 on 30 July.

According to Mining.com, China has imposed output limits on its steel mills to ensure this year’s production is no more than 2020 figures.

However, steel output grew more than 12% in the first-half compared to 2020, meaning a significant cutback would be needed in the second-half.

Mining.com quoted analysts from Huatai Futures which said, “Domestic consumption (for iron ore) is weakening significantly… Due to different perception of crude steel output cuts, iron ore prices have been fluctuated recently”.

“Under the current strict implementations of steel production controls, high iron ore prices are not seen to be supported,” Huatai Futures added.

Fortescue share price slides to 1-month low

The Fortescue share price has given back a month worth of gains thanks to the free fall in iron ore prices.

This follows a pleasing June quarterly and full-year FY21 update on 29 July.

According to the release, Fortescue delivered 1282.2 million tonnes of iron ore shipments in FY21, topping its guidance of 182 million tonnes.

In addition, the company received US$168/dry metric tonne (dmt) for the quarter and US$135/dmt for FY21.

Many investors will tune in to the August reporting season for a greater insight into how Fortescue has performed over the past financial year and whether or not any special dividends are up for grabs.

Fortescue is expected to deliver its full-year FY21 results on 30 August and here’s a peep into what investors should look out for.

The post Why the Fortescue (ASX:FMG) share price plunged 15% from all-time highs appeared first on The Motley Fool Australia.

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• If you invested $2,000 in Fortescue (ASX:FMG) shares 5 years ago, this is how much it would be worth now
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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Woodside Petroleum Limited (ASX: WPL) share price is on the mends despite oil prices falling on Friday night.

At the time of writing, the oil and gas company’s shares are swapping hands for $22.05, up 0.23%. In comparison, the S&P/ASX 200 Index (ASX: XJO) is 0.1% higher to 7,544 points

What’s going on with Woodside shares?

Investors are buying Woodside shares with no new news out of the company today. Its most recent update came last Wednesday in regards to an increased capital cost estimate on the Scarborough Project.

According to Bloomberg, the West Texas Intermediate (WTI) dropped 1.95% to US$66.95 per barrel. In addition, its more expensive brother, Brent crude also sunk 1.84% to $69.40.

WTI is sourced from oil fields in the United States and is lighter due to its low density and low sulphur content. Brent crude on the other hand is sourced from the North Sea between the Shetland Islands and Norway and is popular to refine into diesel fuel and gasoline.

Nonetheless, the drop in oil prices will undoubtedly weigh on Woodside’s profits. This is especially given the fact that WTI and Brent crude reached the $75 mark in July this year.

However, investors appear to be bargain hunting as the company’s shares are trading near year-to-date lows around the $21.70 mark.

After reporting its Q2 trading update in mid-July, a number of brokers changed their rating on the company share price.

Swiss investment firm, UBS cut its price target for Woodside shares by 0.4% to $26.10. Morgans followed suit to also reduce their rating by 3% to $29. The most recent broker note came from Goldman Sachs, which has initiated a bullish price of $34 for the energy producer’s shares.

Based on the current Woodside share price, Goldman Sachs’ 12-month price target implies an upside of roughly 35%.

Woodside share price snapshot

Over the last 12 months, Woodside shares have failed to make any significant movements, up 8%. Year-to-date, however, the company’s shares are down about 3%.

Woodside commands a market capitalisation of roughly $21.2 billion, with 963 million shares on its registry.

The post Woodside (ASX:WPL) share price edges higher despite falling oil price appeared first on The Motley Fool Australia.

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• Here’s why the Woodside (ASX:WPL) share price is down 11% in the last 2 months
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Motley Fool contributor Aaron Teboneras owns shares of Woodside Petroleum Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) is on course to start the week with a modest gain. In afternoon trade, the benchmark index is up 0.1% to 7,546.1 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

ELMO Software Ltd (ASX: ELO)

The ELMO share price is down 5.5% to $5.08 following the release of its full year results. For the 12 months ended 30 June, ELMO reported a 52.1% increase in annualised recurring revenue (ARR) to $83.8 million. This was driven by a combination of organic growth and the benefits of acquisitions. However, investors may have been disappointed with an increase in its churn levels. Though, it is worth noting that this was driven by COVID-19 impacts on some customers. Management is forecasting strong ARR growth again in FY 2022.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is down 3% to $14.80. The weakness in this travel agent’s shares appears to have been driven by a broker note out of Macquarie this morning. According to the note, the broker has downgraded Flight Centre’s shares to a neutral rating and cut the price target on them by 11% to $15.50.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price has fallen 5% to $9.46. Investors have been selling this gold miner’s shares following a sizeable pullback in the gold price on Friday following the release of strong US jobs data. It isn’t just Northern Star that is under pressure. The S&P/ASX All Ordinaries Gold index is down 4% this afternoon.

Regis Healthcare Ltd (ASX: REG)

The Regis Healthcare share price has sunk 7.5% to $1.94. Investors have been selling the aged care operator’s shares after it revealed that it has identified potential employee underpayments. The company notes that these payment shortfalls have arisen because some employee entitlements due under various enterprise agreements were recorded inaccurately in the payroll system. It estimates that the underpayments could total $30 million to $40 million.

The post Why ELMO, Flight Centre, Northern Star, & Regis shares are dropping appeared first on The Motley Fool Australia.

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• ELMO (ASX:ELO) share price on watch after full-year result
• These are the 10 most shorted ASX shares
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Elmo Software. The Motley Fool Australia owns shares of and has recommended Elmo Software. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The BHP Group Ltd (ASX: BHP) share price is slipping amid calls for the company to strengthen its adherence to the Paris Agreement.

The calls were put forward by the Australasian Centre for Corporate Responsibility (ACCR) on behalf of BHP shareholders as a movement to be considered at BHP’s annual general meeting. The ACCR is a shareholder advocacy group.

Right now, the BHP share price is $51.70, 0.77% lower than its previous closing price.

Let’s take a closer look at the news that might be weighing on the resource company’s share price today.

BHP will consider adhering better to Paris Agreement

The BHP share price is slipping after the ACCR’s request for the company to review its links with lobby groups advocating against the Paris Agreement.

The ACCR is representing shareholders calling for BHP to cut ties with industry groups working against the Paris Agreement’s goals.

After Friday’s close, BHP announced the movement would be put to the board at the company’s annual general meeting.

ACCR’s director of climate and environment Dan Gocher commented on the resolution potentially impacting the BHP share price today:

The advocacy by key BHP industry associations throughout the COVID-19 pandemic has been fundamentally at odds with the Paris Agreement’s goals…

The Australian Petroleum Production and Exploration Association (APPEA) claims credit for the Government’s ‘gas-fired recovery’; the Minerals Council of Australia continues to block meaningful environmental and climate action—as well as having the gall to claim that Australian thermal coal could reduce global emissions; while the American Petroleum Institute has recently opposed the Biden Administration’s electric vehicle policy.

It’s the second time the ACCR has brought shareholders’ concerns regarding the Paris Agreement to BHP’s board.

In 2020 ACCR gained the support of 22.4% of BHP’s shareholders when asking for a similar stance from the company. It called for BHP to influence its industry associations to transition to greener practices. Additionally, the ACCR asked BHP not to accept the pandemic as an excuse for their associates neglecting the Paris Agreement.

According to the ACCR, these expectations haven’t been met. It urges shareholders to vote for its latest proposal.

ACCR’s calls came the same day BHP announced it will forge forward with 2 new oil projects.

BHP share price snapshot

Despite today’s slump, the BHP share price has been performing well on the ASX lately.

It has gained 20% since the start of 2021. It is also 29% higher than it was this time last year.

The post BHP (ASX:BHP) share price struggles amid renewed climate pressure appeared first on The Motley Fool Australia.

More reading

• How is the Mineral Resources (ASX:MIN) share price holding up against the materials sector?
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. 

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Qantas Airways Limited (ASX: QAN) share price will be on watch this reporting season.

In an article published in the AFR, Australia’s largest airliner ranks amongst the top 5 companies to watch this August.

Here’s why all eyes will be on the Qantas share price this profit season.

Why will investors be watching the Qantas share price?

Going into this reporting season, Australia’s domestic economy has been rocked by widespread lockdowns.

As a result, many investors will not only be looking at how companies have performed but also what the future holds for them.

According to the article published in the AFR, Qantas will be amongst the most scrutinised companies this earnings season.

Despite the airliner building optimism over the past 12 months, the delta outbreak has cast serious doubts on the future of Australia’s domestic travel market.

The article highlighted Qantas’ decision to stand down 2500 workers last week as a reflection of the crisis.

So, according to the article, investors will be watching a couple of things when Qantas reports its earnings.

Firstly, how badly the damage of the lockdown has been.

Secondly, investors will be interested to know how an extended lockdown might impact the airliner’s future profits

According to the article, analysts from noted broker Citi have already published their expectations.

Analysts are expecting the airliner to report a loss of $1.2 billion for the 12 months to June 30.

In addition, the broker has forecasted that Qantas could generate a profit of $213 million in 2021-2022.

Citi’s analysts estimate that Sydney accounts for 35% to 40% of Australia’s aviation activity.

As a result, investors will be paying attention to how an extended lockdown for Greater Sydney would impact the airliners future profits.

More on Qantas

The last 3 months have not been kind to Qantas.

Shares in the airline have struggled following a plethora of COVID-19 induced travel restrictions and lockdowns.

The seriousness of the dire situation was recently displayed after the airliner stood down 2,500 crew.

The stand-downs follow a drastic reduction in the Qantas’ domestic capacity, with more than 9000 flights cancelled in June.

Despite an initial recovery earlier this year, the Qantas share price is trading more than 5% lower since the start of 2021.

The post All eyes on Qantas (ASX:QAN) shares this reporting season appeared first on The Motley Fool Australia.

More reading

• Why is the Flight Centre (ASX:FLT) share price slipping 2% today?
• Qantas (ASX:QAN) share price wobbles as rival questions staff layoffs
• The Qantas (ASX:QAN) share price is down 4% this last week. Here’s why
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Motley Fool contributor Nikhil Gangaram has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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