If a previously profitable company like AQZ incurs a loss, what does that say about QAN given the ties between the two?
QAN's 1H 22 financial update in a couple of weeks is almost certain to be disastrous. Its passenger numbers internationally look to be very poor based on a sample accessed on multiple days, with routes such as SYD - Singapore having low patronage and others like SYD - Honolulu cancelled after IIRC not much more than a month of operating flights.
Domestically, many QAN flights are around half full, despite the company having reduced frequencies.
This will 'feed' into Alliance in a negative way, probably reducing its flying hours and hence revenue.
AQZ Price at posting:
$3.76 Sentiment: None Disclosure: Not Held
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