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ARTICLE AD BOX
By Reuters
May 5, 20252:11 AM UTCUpdated ago
Qantas planes are seen at Kingsford Smith International Airport in Sydney, Australia, March 18, 2020. REUTERS/Loren Elliott/File Photo Purchase Licensing Rights, opens new tab
May 5 (Reuters) - Shares of Australia's Qantas Airways
(QAN.AX), opens new tabrose more than 5% on Monday to an over one-month high after oil prices dropped in early Asian trade following OPEC+'s plan to further speed up output hikes.
Jet fuel prices are a critical cost for airlines.
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Reporting by Sneha Kumar in Bengaluru; Editing by Mrigank Dhaniwala
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