市场见解

Here’s why the Qantas (ASX:QAN) share price is sinking today

The Qantas Airways Limited (ASX:QAN) share price is under pressure today after being forced to push back its international travel plans…
The post Here’s why the Qantas (ASX:QAN) share price is sinking today appeared first on The Motley Fool Australia. –

poor flight centre share price represented by plane flying away from lightening storm

The Qantas Airways Limited (ASX: QAN) share price is under pressure on Wednesday.

In afternoon trade, the airline operator’s shares are down 3.5% to $4.49.

Why is the Qantas share price hitting turbulence?

The catalyst for the weakness in the Qantas share price today appears to be the Federal Budget.

Last night the Federal Government revised its anticipated timeline for the completion of Australia’s vaccine rollout to the end of 2021. It also pushed back its timeline for significantly reopening international borders until mid-2022.

This was a blow for Qantas, which was aiming to resume its international services from October. In fact, so confident was the airline that this would come to pass, it has been taking bookings for travel from this period onwards.

Qantas pushes back plans

In response to the news, this morning the airline announced that it would be pushing back its international service plans from the end of October 2021 to late December 2021. Though, it stresses that this has no bearing on Trans-Tasman flights.

Qantas advised that it remains optimistic that additional bubbles will open once Australia’s vaccine rollout is complete to countries that are in a similar position. However, it has warned that it’s difficult to predict which ones at this stage.

Nevertheless, Qantas is ready to take advantage of pockets of tourism and trade opportunities as they emerge in a post-COVID world. It intends to keep reviewing its plans as it moves towards December and circumstances evolve.

In the meantime, the company will continue to provide critical repatriation and freight flights overseas. It will also support the recovery of travel at home, which management notes remains the most important element of the company’s recovery.

For now, the company intends to reach out directly to any customers with a booking between 31 October 2021 and 19 December 2021. Fortunately, recent levels of uncertainty meant international booking levels were relatively low.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post Here’s why the Qantas (ASX:QAN) share price is sinking today appeared first on The Motley Fool Australia.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!