I think its a combination. The strong performance of the DJT and American airlines, has obviously created a very positive sentiment towards the efforts at Qantas to turn it around. Given the heavy American influence on its register.
Its like the old farmer saying; "Its no good praying for rain with the wind in the south". Well, the wind is clearly in the north for Qantas. The ducks are in a row.
I written many posts here about the power of market sentiment, and the futility of going against it, no matter what the fundamentals say. Qantas is a text book example.
I think its a combination. The strong performance of the DJT and...
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$5.97 |
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Mkt cap ! $9.564B | |||
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