The Qantas Airways Limited (ASX: QAN) share price is slightly in the red today.
The travel company's shares are down 0.43% and currently trading at $4.67. For perspective, the S&P/ASX 200 Industrials Index (ASX: XNJ) is falling 0.85%.
Let's take a look at what is happening at Qantas.
Image source: Getty Images
Plan to resolve challenges
The Qantas share price is not the only ASX travel share struggling to take off today. The Flight Centre Travel Group Ltd (ASX: FLT) is descending 1.28%, while Webjet Limited (ASX: WEB) shares are down 0.23%
Qantas has reportedly sent a note to major corporate clients acknowledging its well publicised challenges.
The airline has plans to spend $15 million on technology, hire more staff, roster more workers, modify the schedule and improve baggage.
In quotes cited by The Australian, Qantas chief information office Sam Charmand said:
Since the pandemic we have seen a huge jump in customers choosing to use technology when travelling, which is why we're investing more in our app and airport technology.
These upgrades will also make things easier for our airport teams, who have done a
phenomenal job in recent months under challenging circumstance."
Meanwhile, Qantas engineers are considering a strike as soon as Monday relating to pay, 9 News reported yesterday. The Qantas staff are seeking a 12% pay rise.
Recently, news emerged Qantas has a plan to recruit 100 managers to work as ground handlers.
Qantas share price snapshot
The Qantas share price has climbed more than 3% in a year but lost nearly 7% year to date.
In comparison, the ASX 200 Industrials benchmark has jumping 1.35%, while it has fallen 2.5% year to date.
Qantas has a market capitalisation of about $8.8 billion based on the current share price.
