In the more important second half of that article, as it discusses domestic flying where QAN usually makes the bulk of profits, there's the critical rider 'if the demand is there'.
The analysts quoted including one women who writes for a newspaper can't be talking to too many Australians.
Almost everyone I know is not flying even interstate at present, with the couple of exceptions having undertaken Christmas trips to visit relatives.
The overwhelming consideration is 'Premiers have shut borders quickly before - we can't trust them not to do it again'.
The article also fails to mention rising oil prices and even worse, the likelihood of increased interest rates. The latter will reduce householder spending at least a little on leisure travel. QAN's huge and growing debt may not be immediately affected, as senior debt could have maturity dates well into the future but once it's due for renegotiation, QAN will have to pay more.
The weak state of the A$ that's dropped to below 70 cents US is unhelpful to QAN as quite a few of its costs (plus new aircraft purchases, for which it hasn't even placed an order) are denominated in US$ not A$.
Overall, the comments quoted are way too optimistic, and also fail to feature how business travel has markedly declined. While some of it may return, the question is 'how much' given companies have discovered for some tasks how much a Zoom meeting saves them compared to air travel, meals and hotel accommodation.
At present domestically, for some periods of the day, QAN is combining what three or four years ago used be two or three flights into one, yet the aircraft departs anything from half full to at best three quarters full, so despite a huge reduction in seating capacity, it can't even fill aircraft even at peak times like Sunday afternoon and Monday morning.
These analysts spend too much time on QAN and clearly regard it as an 'icon', and in their own way have fallen in love with the stock despite its poor prospects.
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