Analysts at Jefferies highlight recent changes at Qantas Airways' (ASX:QAN) board level, emphasizing the board’s accountability for the recent reputational damage and their dedication to renewal.

Qantas announced Wednesday that Chairman Richard Goyder would retire prior to the company’s annual general meeting in late 2024.

Jefferies expects a ‘strongly credentialed’ individual to join the board as chair in waiting, without a need for direct aviation experience.

The refreshed board is expected to offer a new perspective to repair the brand and restore customer trust, states Jefferies.

The firm maintains its ‘buy’ rating and a price target of A$7.79 for Qantas.

Out of 15 analysts, 12 rate the stock as ‘buy’ or higher, two as ‘hold’ and one as ‘sell’; the median price target is A$7.90, according to LSEG data.

As of last close, Qantas stock was down 16.3% YTD.

Qantas Airways is an Australian airline, recognised as the world’s leading long-distance airline and one of the strongest brands in Australia.