Wednesday, May 23, 2007

UPDATE 2-Qantas eyes sale, buyback after bid collapse

(Reuters) - Qantas told investors it was reviewing ownership of its frequent flyer program and might sell off its express freight joint venture and other operations as part of a "demerger" option being considered to return capital to shareholders.




Qantas shares hit a record high, rising 2.2 percent to A$5.54 by 0253 GMT after the airline reaffirmed previous profit guidance and outlined the options it was considering under a capital management strategy review.


Read more at Reuters.com Market News

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