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.





Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK