BUZZ-Australia's Qantas Airways falls on ex-dividend trade

Reuters

03-11

BUZZ-Australia's Qantas Airways falls on ex-dividend trade

** Shares of Australia's Qantas Airways QAN.AX fall as much as 10.5% to A$8.720, set for their weakest trading session since mid-March 2020, if losses hold

** Shares fall on ex-dividend trade, co set to pay out 26.4 Australian cents per share to its shareholders

** The stock, which gained 8.6% this year as of last close on Monday, is just trading 1.3% higher YTD

** Overnight, U.S.' Delta Air Lines DAL.N falls 14% after cutting first-quarter forecasts, while its CEO flags weakening environment due to economic uncertainty

** Qantas shares enjoyed some gaining momentum this year as brokerages kept updating their PTs on the stock after it reported a bumper profit

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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