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Qantas Beating Cathay, Singapore Rewards Patient Investors

Qantas Airways Ltd. Aircraft
Brendon Thorne/Bloomberg
Updated on

Qantas Airways Ltd. shareholders are reaping rewards under Chief Executive Officer Alan Joyce.

After underperforming regional rivals Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. for most of the last five years, a 167 percent surge in Qantas’s stock over the past 12 months has turned the tables. Even after the company’s best profit in seven years Thursday sparked a 6.1 percent slump with shareholders taking profits, it remains the best performer of the trio.