Why brokers think the Qantas (ASX:QAN) share price could fly 17% higher

ASX travel shares took the spotlight last week after the federal government announced a $1.2 billion support package that includes 800,000 half-priced airline tickets. The Qantas Airways Limited (ASX: QAN) share price rose 4% last week on the back of the positive news.

Qantas shares have also attracted multiple broker upgrades as the airline is expected to emerge as a leaner business post-COVID. 

Brokers upgrade the Qantas share price to a Buy

Macquarie Group Ltd (ASX: MQG) is the latest broker to upgrade the Qantas share price. On Monday, the broker shared its views that Qantas will emerge from the pandemic as a structurally…