Qantas (ASX:QAN) share price slips on employee payment news

The Qantas Airways Ltd (ASX: QAN) share price is back in focus following last week’s federal government announcement of a $1.2 billion tourism package. The taxpayer-funded deal entails half-price domestic airfares for 800,000 passengers.

Another part of the package is retention payments to Qantas and Virgin employees who would normally be working in the international flight segment of the business. Although previously undisclosed, Qantas has this afternoon confirmed further details.

At the close of trade today, the Qantas share price was trading down 0.73% at $5.41. 

Retention life raft replaces JobKeeper

Qantas confirmed further details of the JobKeeper replacement with The Australian Financial Review today. Australia’s…