I'm trying to understand QAN's move and whether it is short term or long term. Obviously there is very little demand for international travel ATM. When borders re-open you would expect there will be massive demand.
Is this a sign of QAN thinking they will not be able to meet demand anyway - so why pay for business that will come anyway?
Alternatively do they think demand will not resume at previous levels and they want to manage margins?
Ann: Qantas Group Market Update, page-5
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Last
$7.32 |
Change
0.140(1.95%) |
Mkt cap ! $11.44B | |||
| Open | High | Low | Value | Volume |
| $7.25 | $7.40 | $7.22 | $50.12M | 6.844M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2224 | $7.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.33 | 3025 | 2 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| QAN (ASX) Chart |