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Qantas Group shares rebounded to $2.65 at one point on Friday, as investors backed the airline despite the previous day's huge cuts.
Alan Joyce has warned Scott Morrison not to nationalise Virgin Australia despite the coronavirus crisis threatening its business.
Alan Joyce has pledged to maintain a handful of international flights beyond Qantas’ March grounding to bring stranded Australians home.
Qantas Group shares came perilously close to dropping below $2 on the day the airline announced it was suspending two-thirds of its staff.
Scott Morrison announced all non-residents and citizens will be banned from entering Australia on Friday.
The Qantas Group this morning announced it would suspend two-thirds of its 30,000 staff and cancel all international flights from late March.
