Business
‘QantasKeeper’ drives rally in grounded travel stocks – Sydney Morning Herald
Australia’s downtrodden listed travel sector has received a shot in the arm courtesy of a $1.2 billion federal support scheme that drove major beneficiary Qantas’…
Australias downtrodden listed travel sector has received a shot in the arm courtesy of a $1.2 billion federal support scheme that drove major beneficiary Qantas share price to a four-month high on Thursday.
Qantas said the scheme to stimulate domestic travel demand with 800,000 half-price airfares would get more of its planes back in the sky faster. The airline has already set an ambitious target to be at 80 per capacity by mid-year on hopes the vaccine rollout would end state border closures.
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