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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.
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.
Virgin and Qantas shares avoided a nosedive on Monday despite one of the toughest weekends the aviation industry has seen.
Scott Morrison’s advice to Australians to reconsider all oversees travel dramatically reversed an earlier fightback from Qantas shares on Friday.
Qantas shares slumped to just $3.58 on Thursday afternoon – less than half their value three months ago.
PROFILES
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
Raising the Bar in Commercial Laundry: How Rinse & Repeat Is Redefining Service for Aviation
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
UPRT Australia- Transforming Aviation’s Greatest Risk into Its Greatest Asset
