
Shares of Australia's Qantas Airways QAN.AX fall as much as 10.5% to A$8.720, set for their weakest trading session since mid-March 2020, if losses hold
Shares fall on ex-dividend trade, co set to pay out 26.4 Australian cents per share to its shareholders
The stock, which gained 8.6% this year as of last close on Monday, is just trading 1.3% higher YTD
Overnight, U.S.' Delta Air Lines DAL.N falls 14% after cutting first-quarter forecasts, while its CEO flags weakening environment due to economic uncertainty
Qantas shares enjoyed some gaining momentum this year as brokerages kept updating their PTs on the stock after it reported a bumper profit