Qantas share price jumps higher following security breach

A security screening breach at Melbourne Airport led to lengthy delays for passengers early this morning.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points
  • Qantas share price up in early trade
  • The security breach at Melbourne airport looks to have been caused by a passenger inadvertently bypassing pre-flight screening
  • Thousands of passengers had to be rescreened, resulting in long queues

The Qantas Airways Limited (ASX: QAN) share price is marching higher in early trade, up 0.8%.

Shares in the flying kangaroo closed yesterday trading for $5.20 and are currently trading for $5.24 apiece.

The gains come despite a security screening breach at Melbourne Airport that led to lengthy delays for passengers early this morning.

a man stands with travel documents in hand with a roller wheel suitcase and extended handle next to him holding his forefinger to his lip as he ponders his next move in a deserted airport. as the Qantas share price falls

Image source: Getty Images

What happened at Melbourne Airport?

The Qantas share price appears unimpacted by news of the major security breach.

Thousands of passengers who had already passed through the security checkpoint needed to return from the terminal to be screened a second time. As you'd expect, this led to lengthy queues and flight delays for frustrated travellers.

The cause for the disruptions appears to be an accidental move by one of the passengers at the airport.

Commenting on the occurrence, a Qantas spokesperson said:

A passenger appears to have inadvertently passed from an unscreened area to a screened area of the airport in Melbourne. As a precaution all Qantas operations have been put on hold and passengers in the terminal are being rescreened, which is causing delays to some services this morning.

Qantas stressed that the rescreening was done with safety foremost in mind and apologised for the trouble that was caused:

Safety is our number one priority, but we know this disruption is causing some inconvenience for our passengers and we apologise for that. We are investigating how this incident occurred.

With numerous flights delayed in Melbourne, the interruptions are likely to impact airports and travellers across Australia today.

Qantas share price snapshot

Despite still recovering from the pandemic impacts, the Qantas share price has managed to outperform the S&P/ASX 200 Index (ASX: XJO) in 2022.

Qantas shares are up 2% this calendar year compared to a year-to-date loss of 12% posted by the benchmark index.

Motley Fool contributor Bernd Struben 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 Scott Phillips.

More on Travel Shares

Woman on a tablet waiting in for her flight in an airport and looking through a window.
Travel Shares

Corporate Travel Management swings to profit as earnings jump in FY26

Corporate Travel Management swung to a net profit in FY26 as underlying earnings rose and further customer remediation progress was…

Read more »

a crowd of people at an airport stand, some in queues, others looking around, while all drag their bags on wheels beside them.
Travel Shares

How many Qantas shares do I need to buy for $10,000 per year of passive income?

Qantas resumed its twice-yearly dividend payments in 2025.

Read more »

Happy woman trying to close suitcase.
Travel Shares

Would I buy Qantas shares today?

The shares have fallen, but the business still has plenty going for it.

Read more »

A smiling boy holds a toy plane aloft while a girl watches on from a car near an airport runway.
Dividend Investing

Virgin Australia shareholders are getting a dividend. Here's how much

Virgin Australia has brought dividends back for shareholders.

Read more »

Man sitting in a plane seat works on his laptop.
Earnings Results

Virgin Australia posts robust FY26 results and first dividend since re-listing

The airline operator delivered solid profit growth for the financial year.

Read more »

Man waiting for his flight and looking at his phone.
Travel Shares

Corporate Travel Management reports FY25 and 1HY26 earnings

Corporate Travel Management posts a $346.7 million loss for FY25 but forecasts a brighter FY26, with solid underlying EBITDA and…

Read more »

A happy girl in a yellow playsuit with a zip gives the thumbs up.
Travel Shares

Qantas shares jump 4% today: Is this the start of a rebound?

It looks like investors are happy with the latest FY26 results announcement.

Read more »

A woman looks up at a plane flying in the sky with arms outstretched as the Flight Centre share price surges
Dividend Investing

Own Qantas shares? Here's how much the latest dividend will pay

Here’s what Qantas shareholders can expect from the latest payout.

Read more »