Ann: 2020 Annual Report, page-61

To be honest, i dont really know nor does any one else really know as there are so many moving parts:

If we were to listen to mover wiser men than me " Mr Allan Joyce" in his interview this morning on the 91% decline in QAN profits, he is saying:

. International pockets of travel might start to open up July 2021
. The Americas wont even be considered till they are all fully vaccinated
. They have put all there Airbus A380 and Airbus A330- , there big planes in storage till 2023

So lets all be realistic. What we are all hopping for is every body to go online and book domestic bedrooms and flights in national campaign of millions of Australians all taking holidays all year round .

So yea, i am predicting another capital rassing, about jan - march

Please fasten your seat belts as we are about to experience extreme turbulence . Just a reminder that we have exit doors located both sides of the isles

So back to your question : 25% return in two years is a guesstimate and not a forgone conclusion.