Qantas Airways Limited (ASX: QAN) is Australia’s most popular airline. It was founded in the Queensland outback in 1920, the Qantas name was originally Queensland and Northern Territory Aerial Services. The company operates two main airlines – Qantas and Jetstar – and subsidiary businesses including other airlines, businesses in specialist markets such as Q Catering, Qantas Freight Enterprises and the popular Qantas Frequent Flyer program. It employs some 30,000 people with around 93 per cent of them based within Australia.
The S&P/ASX 200 (ASX:XJO) ended down 0.2% on Thursday to finish the quarter as Tabcorp (ASX:TAH) and Paladin (ASX:PDN) made headlines.
With restrictions largely gone and borders reopening, investors have begun running the ruler over ASX travel shares. Here’s why I’d be avoiding them.
The S&P/ASX 200 (ASX:XJO) gained 1.1% on Wednesday as Magellan (ASX:MFG) and ASX travel shares such as Qantas (ASX:QAN) made headlines.
The S&P/ASX 200 (ASX:XJO) followed the lead of US futures to fall 1% to open the week as AGL (ASX:AGL) and ASX energy shares made headlines.
The Woodside Petroleum Limited (ASX:WPL) share price has jumped almost 9% as oil prices soar because of the Ukraine-Russian conflict.
The S&P/ASX 200 (ASX: XJO) was dragged 3% lower on Thursday as Appen (ASX:APX) and Qantas (ASX:QAN) shares were in the news.
The Qantas Airways Limited (ASX: QAN) share price has fallen today after announcing its first-half results.
The Flight Centre Travel Group Ltd (ASX: FLT) share price is down 4.32% to $19.26 after releasing its first-half result.
The S&P/ASX 200 (ASX: XJO) posted a 0.6% gain on Friday as Boral (ASX:BLD) and REA (ASX:REA) shares made headlines.
