Will QAN survive?, page-1460

Sorry, position should be not held and sentiment sell above. I held Qantas before the COVID pandemic and sold out when I saw Korea go off (before the fall). Its quite remarkeable that by many metrics Qantas is valued higher than pre-COVID. This company will not be cash flow positive before 2023 and despite what Joyce says, will not make a profit in 2022 (what else can he say).

The results are pre-present lockdown. The present cash burn will be huge with Qantas's various fixed costs. Lets say Qantas manages to fly a few flights international by December to keep Scotty and Gladys happy, it will then face 6 months of massive logisitical nightmare on its flights before it begins to approach normal in mid-2022....if....if....things go well.

Even if people are ignoring the scary balance sheet, cash outflows and business metrics on re-opening hopes, they are not thinking the logistics through. Europe is looking to close down its borders to American travellers due to a lack of reciprocity and growing cases in a 60% vaccinated country. International travel is going to be patchy at best in 2022. Domestic travel likewise for at least 1H 2022.