Agree it's an elderly fleet requiring a lot of capex.
It's leading to many problems on international routes with cancellations and a lot of unpunctual running, often quite badly late. At times, this can compound given QAN often can't for a host of reasons 'turn around' an aircraft in Sydney in what should be an achievable 2.5 hours.
Some retail investors fail to factor this in. Even if domestically, QAN retains relatively high earnings, eventually the capex plus increased international competition will hobble it somewhat.
When is it going to pay SH a dividend?
Will QAN survive?, page-6403
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