I'm not sure about $1 PS but:Qantas seems to lurch from bad to...

I'm not sure about $1 PS but:

Qantas seems to lurch from bad to worse news-wise. Dangerous to rely on a competitors misfortune to rely on your own growth but still, the facts are the facts:

http://www.smh.com.au/business/jetstar-not-qantas-as-our-national-airline-stay-tuned-20110205-1ahq5.html

You'll note that Etihad is mentioned particularly in the article.

I feel for QAN, I really do. I can still remember the smiling assassins Margaret Jackson and Geoff Dixon celebrating the QAN takeover by Alco (!!!!!!).

But VBA, on the other hand, with a very new fleet, V-Aus under control and a vindictive and talented ex-QAN manager, is clearly now the 'CAN DO' company.

And we seem to be partnering with people with great, forward thinking ideas too!

http://www.smh.com.au/travel/travel-news/air-new-zealands-skycouch-put-to-the-test-20110204-1ag22.html


Like I said, not sure about $1 PS, but as soon as we get back to divs (don't forget. a lot of instos AREN'T ALLOWED to carry non-div-producing shares in their portfolios), I think we'll soon reflect that these were buying days...


Cheers.