CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Australian airlines rally as oil drops below $100, quelling fuel cost worries

By Reuters News

** Australian airline shares surge more than 6% to hit multi-week peaks

** Oil prices fall for fourth straight day, dipping below $100 a barrel

** Prices slump on expectations that the losses US President Trump's Republican Party suffered in midterm elections this week may reduce the risk of further escalation of the Middle East conflict O/R

** Oil prices form a significant chunk of expenses for airlines as fuel costs

** Flag carrier Qantas Airways QAN.AX advances as much as 6% to A$9.435, their highest since September 4

** Rival Virgin Australia VGN.AX rallies as much as 9.3% to A$2.83, highest since October 9

** YTD, Qantas and Virgin down 9.2% and 19.4%, respectively

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.