Welcome to the discussion Berry. If you hang around a bit you'll see there is a lot of emotion thrown around regarding Qantas. A lot of it is pure mouth-frothing anger, especially at AJs legacy and that "bail out" during the pandemic. I do agree with you. Qantas is approaching heavily oversold and I'm waiting for the Feb 24 annual results to guage how business is really going. I don't anticipate much of a huge change.
The recent fall is based largely on negative news regarding Qantas, rising oil and a falling Australian dollar. But the former is fading into the background as The Voice referendum comes closer. Whenever you throw a bone, a Woke dog will always chase, and that's our pathetic legacy media.
Australia is exactly where I said it would be ten years ago: an overheated property market, inflation, and mortgage stress all around. Both sides of parliament have failed in that endeavour. Hopefully they grow another brain cell and lift that foreign ownership cap.
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