Leaving it to run as the obvious demand slow down emerges and...

Leaving it to run as the obvious demand slow down emerges and the lack of Capex (foregone for a buy back - more plane purchase deferrals in there) shows through in the business standards and more and more international visitors/departures pick Singapore or anyone else before Qantas. I don't short unless I think mkts are seriously out of whack (BNPL in 2021 for example). I have owned Qantas in the past I might add (sold out before COVID - phew). I also feel guilty making money when Mom's and Dad's are losing so post on these forums when I do go short.

I bought NAB when it sold (issued) shares in 2020. I am now short it into its buyback at double the price. I did not alas buy Qantas shares alas when it sold at $3 in 2020 - felt it was too close on bankruptcy, but happy to go short against the market.

Quite literally these companies historically sell (issue) shares on the low and buy them (buybacks) on the highs. Its utterly reckless fiduciary management and endorsed by shareholders every time. Happy to take the other side to Joyce recklessly risking Qantas long term prospects for his own short term gains endorsed by shareholders.

Qantas as a business will continue of course (contrary to the HC thread that needs to be dropped now COVID gone). But falling demand and this buyback will leave its balance sheet very skinny in 2024 for all the debt reduction rhetoric and that will eventually be reflected in the share price.