By Ian Neubauer
Qantas has asked the Australian Securities Exchange to issue a two-day trading halt for the company’s shares.
A trading halt is normally requested by publicly listed companies prior to the release of significant news or developments to give investors time to assess its impact. However, a trading halt can also be imposed on a company experiencing serious financial strife.
A spokesperson for Qantas told SpiceNews today (Feb 3) the company had requested the trading halt “pending a material announcement in relation to capital management initiatives”. The spokesperson did not elaborate on the nature of the initiatives
Qantas shares were trading at $2.29 at midday today compared to $2.39 seven days ago.