Qantas Continue to Face Mixed Market

Qantas Airways Limited (ASX: QAN) held its 2019 Annual General Meeting. Few key takeaways from the meeting are as below:

  • Qantas Airways continue to invest in Jetstar, 18 new A321 NEO’s will start arriving in mid next year.
  • The company choose Adelaide as the destination of the world’s first “Zero waste flight”.
  • The Jetstar Group continued to deliver the flights fares at low price with almost two third sold under $100.
  • Qantas completed one of the biggest overhauls by adding 1 million reward seats for frequent flyers.
  • Carrier charges cut to 50 per cent with 30 per cent increment in number of people booking reward seats.
  • Added new Dreamliner into Qantas international and retired six aircrafts by the end of 2020.

At AEST (12:58 PM), the stock was trading higher at $6.285, up by 0.08 per cent from the previous close.

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