Qantas Airways Limited’s
(ASX:QAN) largest shareholder has again lowered its interest in the company for the second time this year.
US investment giant Franklin Resources has sold more than 22 million shares to cut its stake to 13.2 per cent.
The fund has now reduced its interest in Australia’s biggest airline by more than 15 per cent from the beginning of December 2014.
Qantas was one of the best performing stocks on Australia’s benchmark index in 2014 with its share price growing almost 120 per cent.
Qantas Airways reported a net loss of $2.84 billion in the full 2014 financial year.
