Qantas Airways shares rise following OPEC+ decision to boost output By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 05 2025
0mins
Source: Investing.com
Qantas Airways Stock Surge: Qantas shares rose over 5% due to a decline in oil prices following OPEC+'s decision to increase output, which is expected to enhance airline profitability by lowering jet fuel costs.
Market Competition and Share Control: Despite the positive outlook from reduced fuel costs, Qantas faces competition from Virgin Australia, which is preparing for an IPO, while controlling about 65% of Australia's domestic market alongside its budget subsidiary Jetstar.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
