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QAN - Qantas Airways

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Are QAN and Virgin doomed? Maybe Buffett is right.
With the China virus increasing rapidly in VIC (Melbourne) and a possible second wave coming to OZ.
QAN and Virgin will only make profit from the SYD _ MEL route. That is not looking too healthy in the immediate future.
 
Pretty sure that was yesterday.
 
sptrawler said:
A buying opportunity will present before this virus is over IMO.
This is when a company needs a ruthless, cold and calculating CEO
Click to expand...
Qantas chief executive Alan Joyce predicted there would be no substantial return to international flying until July next year at the earliest, due to strict border control measures to stop the virus.

The domestic boss, Andrew David, whose division accounted for more than half of Qantas overall earnings last financial year, will be responsible for propping up the company even further while the crisis plays out.

As recently as late June, the domestic division had reaffirmed its aim to return to flying at 40 per cent of its pre pandemic capacity by July. He remains sure there is pent-up demand of which he can take advantage but admits that ambitious goal is in tatters.
- I guess if you get stood down, then a time will come to be stood up (stand up and be counted)?
 
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Coming back to the QAN thread and I'm very surprised that it has recovered so well given the circumstances of the last 12 months.

After hitting a low of $2 around a year ago in the immediate aftermath of the initial COVID-19 pandemic, it has recovered very strongly to be trading at $5.09 today.

This surprises me because HY21 revenue was down 75.4% on HY20 revenue and a $445 million profit a year earlier was transformed into a $1.08 billion loss.



I can only assume that there is a lot of optimism that post-COVID Qantas will thrive more than any other Australian airline given the sector rationalisation that has occurred in the last 12 months.

But still, it seems very optimistic given that QAN was only trading at $7.25 before the pandemic. To be back over $5 now seems premature to me. It's going to take a long time for the leisure travel sector to recover to pre-COVID-19 levels and I think it's reasonable to expect that international travel will potentially take many years to recover.

QAN recovering from $2 to $5 given its massive losses seems to me to be symptomatic of the current overheated market we are in, and makes me even more confident that the ASX is in for some big declines in 2021.
 
I personally will miss Alan Joyce when he eventually retires as CEO of QAN.

He seems to be the only business leader in Australia who is not afraid to stand up to Unions, Vested old capital and Politicians for the good of the company.

gg
 
Garpal Gumnut said:
He seems to be the only business leader in Australia who is not afraid to stand up to Unions, Vested old capital and Politicians for the good of the company.

gg
Click to expand...
Agree, but as CEO he should stop using QAN to push social issues.
 
He is the perfect image of the Reset, which is ironic as the Reset wants to destroy plane travel for the pleb and keep the 99% in their rabbit hutches.
So not a great future for QAN
 
MovingAverage said:
Agree, but as CEO he should stop using QAN to push social issues.
Click to expand...
As an aside, irrespective of ones personal feelings for the CEO, with ‘blood on the streets’ for travel companies at the moment, and that we invest for the future, would QAN not be a good investment at the moment ?
Low price, bad midterm future (3-6 months) ?
If we come out if this pandemic in the next 6-12 month, would QAN not be a good investment ?
Patient, buy in the bad time with a hope and expectation that in 12 months QAN would be higher ?
Gunnerguy
 
You'll get no argument from me on that...reckon you're spot on.

I do wonder how much upside there is tho in QAN just before Covid hit they were trading at a little over $7 and they are now current trading at around $4.80 give or take. Not a huge upside, but still a good opportunity.
 
In my opinion, that would be a risky bet, you can do better on silver or gold just as an aside, and looking at airlines worldwide..do you want to own the one for the country which will still be closed for business in 22...
Some airlines yes but not qan IMHO
 
You know I'm a system trader so unless they pop up as a buy in AB I won't be buying. My track record on discretionary trades isn't good so pay no attention to my opinion on this
 
Everyone ignoring the elephant in the room today?

Australian intelligence believes Qantas has been infiltrated by criminal organisations and bikie gangs, according to a report

Qantas has around 150 employees with troubling links to criminal organisations, Australian intelligence has concluded. Reporting by Nine media has revealed that a group of “trusted insiders” within Qantas have significant links to bikie gangs, with the Comancheros and Hells Angels group, using...
www.businessinsider.com.au
 
Possible buying opportunity ahead?
 
Is it time to sell some heavily OTM calls on QAN ?
Gunnerguy.
 
I'm a bit upset about the announcement from QAN over the regulator not allowing QAN to join JAL in a price fixing scheme.

Reasons are:

1. Japan is a good place to visit, I know many Japanese who pass through Port of Townsville and they are good people, frank and honest drinkers and partygoers.

2. I'm losing' me winnin's on QAN.

3. They charge more per ticket than anyone else so I never fly with them ( just a declaration of non-interest ) and Virgin don't have the wherewithal to organise the 15% of what was left of the non QAN-JAL portion of the Oz-Jap market pre-covid.

gg
 
Good news from MRK.N. A tablet for the plague.

I am preparing my trip to Europe on QAN and packing the essentials.

I plan to leave on QAN for LHR and CDG in late northern winter, early northern spring.



gg
 
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