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Best Stocks News: Qantas Airways Limited (QAN)

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Publish date: Mon, 31 Oct 2011, 03:37 PM
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Qantas Airways Limited (ASX:QAN) is one of the world's leading airlines and an Australian icon.

On top of its standard domestic and international flights, QAN also owns budget airline Jetstar, regional airline QantasLink and related travel businesses Qantas Flight Catering.

Although some still consider QAN as a blue chip stock, its huge share price fall since the GFC has taken away a lot of its lustre.

Today QAN resumed flights after the Fair Work Tribunal ordered the termination of industrial action by its workers.

The carrier sensationally grounded its entire fleet on Saturday in response to the strikes, forcing the government to intervene in the crisis.

Qantas and its workers now have 21 days to resolve their dispute otherwise the Tribunal will impose a resolution of its own.

Following the tribunal's decision, QAN has been one of the best performers in the Australian share market today.

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