Qantas Shares Drop 8.8% Amid Ex-Dividend Trading and U.S. Airline Concerns

Highlights

• Qantas Airways Limited (ASX: QAN) shares declined 8.8% after trading ex-dividend.
• Delta Air Lines' lower profit expectations due to weak U.S. travel demand pressured airline stocks.
• At the time of writing, Qantas shares traded at $8.88, reflecting an 8.83% decline.

Stock Decline After Ex-Dividend Trading

Qantas Airways Limited (ASX: QAN) saw its share price tumble 8.8% on Tuesday after trading ex-dividend, meaning investors who buy shares now will not receive the upcoming dividend payment. At the time of writing, Qantas shares were trading at $8.88, down $0.86 or 8.83%.

Delta Airlines' Profit Warning Adds Pressure

Adding to the sell-off, concerns over global airline performance intensified after Delta Air Lines (NYSE: DAL) significantly lowered its first-quarter profit forecast due to weaker-than-expected domestic travel demand in the U.S. This raised fears of broader challenges in the aviation sector, impacting investor sentiment towards Qantas.

Market Outlook for Qantas

Despite the drop, analysts will be closely watching Qantas' financial performance and industry trends. With international travel demand remaining strong, the airline may see a rebound in the coming months. However, external factors such as fuel prices and economic conditions could continue to influence share price movements.

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