Will QAN survive?, page-4971

Qantas HAS failed, which is why it relied on the Australian taxpayer to avoid bankruptcy and why Joyce has utterly ruined long-respected brand that so many people outright hate now. The shares, while they remain in a bubble market with simpletons thinking that there's so booming re-opening scenario still awaiting Qantas, and while they're propped up by Joyce burning money on they buyback, are yet to catch up to reality. Just like in any bubble you get these obvious disconnects.

This is the best and most obvious short on the ASX. Or, at least, it will be when QAN finish propping up the share price with this buyback. They've now burned through $27m buying up their own shares at insanely high prices.

In the meantime, interest rates go up, geopolitics get worse, Qantas planes depreciate without lack of capex further, and the business is heading towards very challenging times that Joyce has NOT prepared well for at all.

As I've said before, Joyce will not be there in 12 months. Guaranteed.