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.
The post Qantas (ASX:QAN) share price gains amid new domestic flight offering appeared first on The Motley Fool Australia.
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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.
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