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.
The S&P/ASX 200 (ASX: XJO) snapped back from an initial sell-off to trade 2.4% higher. Bapcor Ltd (ASX:BAP) and South32 Ltd (ASX:S32) shares led the way.
The Qantas Airways Ltd (ASX: QAN) share price is expected to trade lower on Tuesday after the company announced it would cancel its share buyback and told investors to brace for more uncertainty.
The S&P/ASX 200 (ASX:XJO) is expected to trade down today with the Sydney Futures Exchange pointing to a negative open.
Qantas Airways Limited (ASX:QAN) shares, Air New Zealand Limited (ASX:AIZ) shares and Virgin Australia Holdings Ltd (ASX:VAH) shares led the ASX 200 lower on Friday.
The S&P/ASX 200 (ASX:XJO) is expected to trade higher today with Super Retail Group Ltd (ASX:SUL), Qantas Airways Limited (ASX:QAN) and Bingo Industries Ltd (ASX:BIN) making waves.
Qantas Airways Ltd (ASX:QAN) shares will be a focal point for ASX investors today following the release of its 2020 half-year financial report.
The Qantas Airways (ASX:QAN) share price will be on watch today after the ACCC made an announcement about a potential partnership between the airline and BP.
Australia’s share market, or the All Ordinaries Index (INDEXASX:XAO)(ASX:XAO), is currently up 0.52% at lunch.
The ASX 200 (INDEXASX:XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index (.INX) went up by 0.28% on Wednesday.