Will QAN survive?, page-2349

Predictions can be incorrect in the medium or long term - look at economists' records - but this in 'The Oz' has a good chance of being 'on the money'.

If so, yesterday's euphoric rise in the QAN SP re the PM's announcement that our international border opens to foreign (fully vaccinated) tourists and businessmen on 21 February 2022 may be another case of investors in this company believing hype rather than what becomes reality:

"...Tourism and Transport Forum chief executive Margy Osmond said: “This could take years of recovery; it could mean the industry never looks like it did pre-Covid.”

Figures from December showed that just 197,000 international travellers arrived during the month, compared to 1.9 million arrivals in December 2019.

“There’s a big gap between actuality and where we need to be,” Ms Osmond said. “Part of that will be complicated because countries around the world are also desperate to get those tourists back. So we’ll be in a bidding war.”

Ms Osmond added that many carriers had moved overseas and Australia didn’t have the “airplane seats to put bottoms on”.
She said the industry wouldn’t see a “simple turning back on of the tap” given Australia’s two biggest markets, New Zealand and China, were not allowing international travel..."