![](https://australianaviation.com.au/wp-content/uploads/2018/09/IMG_0250_qantas_jamesbaxter_1170-770x431.jpg)
A statement released to the ASX on Monday morning blamed the poor take-up on tightened border restrictions and the COVID-19 outbreak in Melbourne.
![](https://australianaviation.com.au/wp-content/uploads/2016/03/QANTAS-VIRGIN-AUSTRALIA-AIRCRAFT-BNE-APR15-RF-5K5A0673-370x209.jpg)
Qantas shares spiked within minutes of Virgin Australia entering voluntary administration on Tuesday morning -- but have subsequently slumped after interest grew in acquiring its rival.
![](https://australianaviation.com.au/wp-content/uploads/2016/03/QANTAS-VIRGIN-AUSTRALIA-AIRCRAFT-BNE-APR15-RF-5K5A0673-370x209.jpg)
Virgin and Qantas shares avoided a nosedive on Monday despite one of the toughest weekends the aviation industry has seen.
![](https://australianaviation.com.au/wp-content/uploads/2019/10/EG8eOdQUwAAciUd_1170-770x431.jpeg)
Scott Morrison’s advice to Australians to reconsider all oversees travel dramatically reversed an earlier fightback from Qantas shares on Friday.
![](https://australianaviation.com.au/wp-content/uploads/2019/07/BOEING-787-9-QANTAS-BNE-JUL18-RF-5K5A1942_1170.jpg)
Qantas shares slumped to just $3.58 on Thursday afternoon – less than half their value three months ago.