Aust stocks close 1.4% lower

Local market slips below 5,200 after Qantas shares plunge as airline flags job cuts and warns of first-half loss of up to $300m.

The Australian stock market has lost more than one% after Qantas shares plunged as the airline warned of a first-half loss of up to $300 million and flagged 1000 job cuts.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index was 1.44% lower at 5,198 points, while the broader All Ordinaries index lost 1.34% to 5,196.9 points.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles