Share market buoyant as investors jump in - Business (Australian Broadcasting Corporation)
Qantas shares surged 4.4 per cent to $1.55 amid reports it may cut jobs among its long-haul pilots.
A. How does a share price jump by such a large percentage due to an unfounded rumour from seemingly no source? Not even the Aug announcement or the grounding had this much effect in one day.
B. I thought that all the pilots taking leave without pay had prevented any redundancies, where are these coming from?