VA's responsibility to inform the stockmarket

[Melburnian1]

QF today suggested that forward bookings were weaker than it and the market (I mean 'stockmarket') expected.

Its shares significantly dropped on the news.

As far as I can see, in contrast VA has not made any official announcement re its forward bookings.

QF carries a high share of domestic business travellers - probably 70 - 75 per cent. Its international market share is far lower for both business and leisure passengers because SQ, CX and many others are competitors in that space.

It would defy logic for VA's forward bookings to be excellent if QF had suddenly seen fit to tell us all that its bookings were not great for April and May compared to what history would suggest. Airlines are experts at this as it is the cornerstone of yield management.

I may have missed something but surely VA has a corporate duty to inform the stockmarket, as would ZL, which of course is far smaller than the other two.

 

[dajop]

QF today suggested that forward bookings were weaker than it and the market (I mean 'stockmarket') expected.

Its shares significantly dropped on the news.....

It would defy logic for VA's forward bookings to be excellent if QF had suddenly seen fit to tell us all that its bookings were not great for April and May compared to what history would suggest. Airlines are experts at this as it is the cornerstone of yield management.

Is it grant time for long term incentives for QF execs?

 

[dajop]

Is it grant time for long term incentives for QF execs?

I was joking when I made this comment, but subsequently I note from the 2015 Directors Report, "2015-2017 Long Term Incentive Plan" grants were made on 03 May 2015. Not sure when they will be made this year.

 

[RooFlyer]

SMH mentions that 'VA doesn't report forward booking information', perhaps because Directors have decided that either its too volatile and/or not material to the market. So, having never reported it (if true) there would be less pressure to release any current situation (but there would still be an obligation if it was material to the market).