In the case of Qantas, however, I am relaxed and comfortable.
Qantas does have a lot of powerful friends in high places. I would hope that their CFO knows what he is doing, but historically Qantas has made a mess of its fuel hedgeing. It was clever fuel hedgeing that got Southwest through the GFC unscathed.
US airlines are doing very well at present, and LUV (Southwest) has moved up from $8.80 to around $33 in last two years.
This chart highlights the underperformance of Qantas.
News: Qantas passenger numbers up in Sep, page-5
Add QAN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.74 |
Change
-0.005(0.07%) |
Mkt cap ! $10.99B | |||
| Open | High | Low | Value | Volume |
| $6.67 | $6.79 | $6.66 | $19.78M | 2.936M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 57379 | $6.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.74 | 20430 | 47 |
View Market Depth
| Last trade - 14.06pm 09/09/2024 (20 minute delay) ? |
| QAN (ASX) Chart |