Qantas CFO sells Qantas shares for $1m+
A report by Mathew Murphy in The Age, Business Day says that almost two months after the Airline Partners Australia consortium failed in its $11.1 billion takeover bid for Qantas, the airline’s CFO has taken advantage of the stock’s high price to sell a parcel of shares worth $1.15 million.
Qantas shareholders generally regarded the $5.45-a-share offer as too low, and acceptances fell short of the required level.
That view appears to have been vindicated, with Qantas shares dipped 5¢ yesterday to $5.65, but still 20¢ above APA’s offer price.
In a statement to the stock exchange, Qantas CFO Peter Gregg revealed he had sold 200,000 shares at $5.77.
In August last year 166,000 shares he had been granted under Qantas’ long-term incentive plan were released from restriction.
He still has a direct interest in 285,000 shares and an indirect interest in 620,500.
Shaw Stockbroking aviation analyst Brent Mitchell said he was surprised that Mr Gregg had sold such a large parcel so close to the end of the financial year.”
Obviously he has an opportunity to realise some money now that the takeover has gone away but it does surprise me that he has sold,” he said. “Given there is still that uncertainty going forward surrounding fuel costs, competition, those sort of issues, he’s obviously being cautious just the same as some other investors would be.”
Report by The Mole and The Age Business Day
John Alwyn-Jones
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Global tourism exceeds 1.5 billion travelers announces UN-Tourism
Qatar Airways offers reduced timetable to over 60 destinations
WTTC global tourism reached record economic impact of 11 trillion in 2025
Marginal increase for New York City tourism in 2025
Hands In, UATP join forces for airline multi-card payments