Shares in Australia’s Qantas Airways (ASX:QAN) have experienced a 1.7% increase, reaching a value of A$4.99 during the early trading period.

The company has announced that its Chairman Richard Goyder is expected to step down prior to the Qantas Airways' Annual General Meeting in late 2024.

This departure has been received amidst an increasing demand from a section of disgruntled shareholders for Goyder’s resignation.

This is noteworthy given that the stock value had previously declined by 18.5% this year, as per the last closing.

Qantas Airways is a major airline based in Australia.