$7 wouldn't be a surprise at all.
My broker is predicting a 2025 PE(x) of less than 6, EPS increasing from $0.87 (2024) to Est. $1.08 (2025), with likely return to paying Dividends.
Also, I sense a degree of relief that Qantas now seems it is getting its act together across the spectrum, under the new leadership. Further, that repairing some of the brand damage is not going to have substantial impact on the financial result.
Blue sky ahead ... hopefully!
Ann: Qantas Group FY24 Results Investor Presentations, page-11
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