Alan Joyce says, based on the value of Qantas' net tangible assets, its share price should be Aus$2.40

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Alan Joyce says, based on the value of Qantas' net tangible assets, its share price should be Aus$2.40

Torsten Blackwood

Qantas chief executive Alan Joyce (pictured in May) has ruled out an equity raising despite the embattled airline's flailing share price, saying that major stakeholders were supportive of the carrier. Shares in the flagship Australian airline last week dived under Aus$1 (US$0.99) for the first time since Qantas was floated in 1995.