Analysts raced to upgrade their long-term share price targets for Qantas after a bumper profit result last week sent the airline’s share price soaring over $10.
Qantas shares traded at $10.16 on Tuesday after it reported a $1.4 billion profit and $400 million dividend last week. The stock has now more than doubled since dipping under $5 in late 2023, when Vanessa Hudson took over as chief executive.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
