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) traded sharply lower on Friday morning as the Australian share market braced for a day of volatility following a sharp sell-off overnight. Pointsbet Holdings Ltd (ASX:PBH), UNIBALWEST (ASX:URW) and Virgin Australia (ASX:VAH) were making headlines.