Qantas (ASX:QAN) share price gains amid new domestic flight offering

Australians will soon be able to board a Qantas flight to travel between Brisbane and Launceston.

| More on:
Man wheels trolley full of suitcases while woman sits on them with her hands in the air at an airport.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Qantas Airways Limited (ASX: QAN) share price is in the green today amid news the airline will be adding a new domestic route to its offerings.

Qantas will begin flying between Brisbane and Launceston 3 times a week in November.

The airline's budget operation, Jetstar, already flies the route. It will be adding another 2 flights each week between the Queensland capital and the northern Tasmanian city.

Right now, the Qantas share price is $5.32, 1.82% higher than its previous close.

Comparatively, the S&P/ASX 200 Index (ASX: XJO) is gaining 0.64% today.

Let's take a closer look at today's news from Qantas.

Qantas share price takes off amid new flight path

The Qantas share price is taking off today. It comes after the company announced it will soon begin operating Qantas flights between Brisbane and Launceston for the first time.

The new flights will see an extra 15,000 seats available to fly between the cities each week.

Qantas said it will fly the route 3 times a week from November 2021 until March 2022. At the end of March, it may alter the offering in line with demand.

It's the eighth new route Qantas has introduced to Tasmania since Australia's international borders shut.

The airline said demand for flights to and from Tasmania has increased alongside the number of Australians' seeking out domestic holidays.   

The Qantas share price was bolstered last month when it announced its domestic operations were 95% cash-flow positive over financial year 2021.  

Qantas' domestic and international CEO Andrew David commented on the new route:

Tasmania has been very popular with travellers in the past year and we're pleased to be making it easier for Queenslanders to visit the island's north coast with its historic estates, premium wineries, and famous wilderness.

More visitors will be great for the Tasmanian economy this summer and these flights will also open up more travel options for Launceston residents to Brisbane and onward Queensland destinations.

Right now, travellers looking to fly between Brisbane and Launceston can get their hands on a one-way ticket for a special price of $169.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Travel Shares

A woman reaches her arms to the sky as a plane flies overhead at sunset.
Travel Shares

The Qantas share price flew 88% higher in FY 2025! Here's how

Qantas shares surged 88% in FY 2025 to new all-time highs. Here’s what happened.

Read more »

Woman sitting looking miserable at airport
Travel Shares

Qantas shares tumble on cyber attack impacting 6 million customers

Australia's flag carrier airline has been hit with a major cyber incident.

Read more »

A woman reaches her arms to the sky as a plane flies overhead at sunset.
Travel Shares

Up 86% in a year, should I still buy Qantas shares today?

Can Qantas shares keep flying higher into 2026? A leading expert reveals his forecast.

Read more »

Man sitting in a plane looking through a window and working on a laptop.
Travel Shares

Is the Qantas share price a buy after the Virgin listing?

Should investors be excited or worried about the Virgin listing?

Read more »

A woman stands at her desk looking a her phone with a panoramic view of the harbour bridge in the windows behind her with work colleagues in the background.
Travel Shares

1 amazing Aussie stock down 40% to buy and hold

Let's see why analysts think this top stock could be a buy after a significant pullback.

Read more »

A pilot stands in an empty passenger cabin smiling with his arms crossed looking excited
Travel Shares

Virgin Australia shares take flight on ASX return after IPO

The airline's long-awaited return has started strongly.

Read more »

Woman on a tablet waiting in for her flight in an airport and looking through a window.
Travel Shares

Up nearly 70% in a year, does JP Morgan think Qantas shares can go higher?

Qantas shares have been a home run for investors over both the short and long term.

Read more »

Woman on a tablet waiting in for her flight in an airport and looking through a window.
Travel Shares

UBS reveals the biggest question facing Qantas shares over the next 12 months

UBS takes a look at the projected flight trajectory of Qantas shares post this week’s Jetstar Asia closure.

Read more »