I came through Sydney International on the weekend and there was a splattering of people. There were long queues of course for overseas vistors, but that because of the regulations, not volumes of flyers. Australia already has the reputation for being the most unwelcoming and stringent customs in the world, thats not got any better.
To say airports, international or domestic, have never been so busy is a down right lie. I am building a shorter position on every rally in QAN like today. Joyce can tell all the porky pies he likes, but the half yearly results are going to be undeniably terrible. The balance sheet of Qantas is going to be under threat.
International travel remains a nightmare of risk/chance. I just got into Thailand before they shut down tourist entry. Australia is of course now a 'covid danger zone' for both Europe and America.
Its laughable how Qantas is trading up here. Australian investors really are so unimaginative.
Will QAN survive?, page-2244
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