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Something happened, now this stock is moving

Qantas shares (ASX:QAN) made an announcement today, which pushed the stock price higher by 5.7% as at 9am Sydney time.

Qantas Airways released a third quarter trading update including domestic travel returning to pre-COVID levels ahead of expectations, underlying EBITDA for H2 FY22 expected to be $450-$550m, and the reduction of net debt to below pre-COVID levels at $4.5bn by end of April 2022. Qantas also announced an order for 12 Airbus A350s which are capable of flying direct from Australia to any other city including New York and London, starting from late 2025.

Following today’s announcement, Qantas shares are now up 14.95% year-to-date.

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