You can imagine that management have incentives to prop up the...

You can imagine that management have incentives to prop up the share price. While this strategy is financially dumb on a whole it suits them.

You don't have to be Warren Buffett to see that ongoing and tremendous losses and deepening NEGATIVE net asset value in the face of rampant inflation and oil costs and ahead of global recession is disastrous for an airline servicing one of the most remote countries on Earth. But markets remain in an irrational bubble, hoodwinked by fake forecasts of rosy futures despite the blatant reality around them. Qantas is nothing but a meme stock at the moment with a totally broken and insolvent business model.