Qantas (ASX:QAN) share price gains amid $20 flights resting on domestic reopening

The Qantas share price is in the air today amid the airline's apparent bet the Victorian border will open to New South Wales as planned.

| More on:
a happy passenger sits in her airplane seat with boarding pass in hand smiling widely at the prospect of travelling with ASX 200 travel shares rise today

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

sdf

The Qantas Airways Limited (ASX: QAN) share price is in the green today amid the launch of an ultra-cheap sale ahead of the planned easing of Victoria's border restrictions.

The 24-hour 'flash sale' could see residents of Victoria and New South Wales flying between the 2 states for as little as $20.

The cheap tickets are for flights taking off after 5 November, in line with the Victorian Government's roadmap out of COVID-19.

Right now, the Qantas share price is $5.44, 1.12% higher than its previous close.

Let's take a closer look at Qantas' latest sale.

Qantas share price up amid anticipation of domestic reopening

The Qantas share price is soaring today. At the same time, the airline is offering cheap flights for locked down Aussies.

Jetstar's 24-hour 'flash sale' began at 5 pm last night. It was announced by Qantas just 1 hour before it began.

As part of the flash sale, some Jetstar flights have been reduced to as little as $20 per ticket. Jetstar's sale covers flights between Melbourne or Avalon and Sydney, Newcastle, or Byron Bay.

Additionally, Qantas' vaccination rewards program is still providing $20 vouchers to Australians who get jabbed.

Those who get in before 5 pm tonight have a chance of scoring the ultra-cheap Jetstar tickets.

Most of the cheap tickets on offer are for flights taking off between 5 November and mid-December. Those dates coincide with the Victorian Government's plan to ease border restrictions for fully vaccinated people.

All eyes will be on the Qantas share price if borders between Australia's 2 most populous states reopen as planned. Though, it seems the company's carriers are confident that travel between the states is a little more than 6 weeks away.

All-inclusive Qantas flights between the 2 states are also being offered from as little as $99 each way as part of the airline's 5-day sale.

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

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 »

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

What does Macquarie think Qantas shares are worth?

Let's see if the broker believes the Flying Kangaroo's shares can keep rising.

Read more »

Man sitting in a plane seat works on his laptop.
Travel Shares

3 reasons to sell Qantas shares today

A leading expert foresees headwinds building for Qantas shares.

Read more »

a passenger plane is on the tarmac with passenger shute attached with a view of the surrounding land and sunset in the background.
Travel Shares

Qantas share price lifts off on big Asian news

Qantas shares have surged more than 73% in a year. Here’s why they’re gaining again today.

Read more »

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

Could Virgin's IPO impact Qantas shares?

The recent IPO announcement could change the Australian aviation landscape. 

Read more »

Smiling woman looking through a plane window.
Travel Shares

Virgin Australia returning to the ASX with $685m IPO

Demand for domestic travel draws the airline back to the stock market.

Read more »

A woman ponders a question as she puts money into a piggy bank with a model plane and suitcase nearby.
Travel Shares

Here's the earnings forecast out to 2029 for Qantas shares

Can the airline generate even stronger earnings? Here’s what experts think.

Read more »

Man sitting in a plane seat works on his laptop.
Travel Shares

Qantas shares have doubled in less than 2 years. Are they a buy, hold or sell?

What do analysts think of the Flying Kangaroo?

Read more »