Qantas shares jump by 4.5 cents.
But overall the sharemarket closed sharply lower, suffering its biggest one-day decline in nine months.
The big banks lost ground with the Commonwealth plummeting by more than $2 – the NAB dropped $1.14.
Telstra shed six cents on the back of its announcement to cut 650 jobs.
The resource sector also posted big losses.
Rio Tinto finished weaker by $2.09, while Origin energy lost $1.05 after its interim profit fell by a third.
And one Australian dollar is buying 102 US cents and $1.22 across the Tasman.
