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The Qantas Airways Limited share price is at a 5-year high

The Qantas Airways Limited  (ASX: QAN) share price just hit a new 5-year high of $5.50.

Shares of the Australian air travel company are up 86% in the past year, and 341% over the past 5 years.

According to Google Finance, the company is engaged in the operation of international and domestic air transportation services, the provision of freight services and the operation of a frequent flyer loyalty program. Its segments include Qantas Domestic, Qantas International, Jetstar Group, Qantas Freight, Qantas Loyalty and Corporate.

The Qantas Domestic, Qantas International and Jetstar Group segments include passenger flying businesses. The Qantas Freight segment is engaged in the air cargo and express freight business. The Qantas Loyalty segment is engaged in the customer loyalty recognition programs. Its main business is the transportation of customers using two airline brands, which include Qantas and Jetstar.

Shares have risen as oil prices plunged in recent months, with fuel costs being one of the company’s biggest costs. Shares are up despite a weak half year report, although full year forecast underlying profit before tax is expected to be at least $1.3 billion.

At a price of $5.50 per share, Qantas is priced at an estimated 12 times earnings and pays a 1.3% trailing dividend.

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Motley Fool contributor Sean O'Neill has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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