Sunrock
I would direct you to the Qantas 1st quarter trading update for 2018 located on QANTAS Investor website - podcast. Alan Joyce and Tino La Spina taking questions from investment bank analysis for the 2017/18 year.
This will ease your concerns about their financial performance especially reil hedging.
The market has done this ‘sell off’ previously from April 2016 bottoming out after Brexit (July 16).
Regardless of Qantas hedging their oil and the strong growth (Chinese) from domestic travel - 70% representing QANTAS’s Group airfare revenue, the investment industry is basically lazy and takes the lowest common dominator and thinks oil goes up and Qantas shares goes down.
Also US airlines performing well based on global growth with outlook for more people to fly in 2018 then ever before and company tax cuts! Oil is not a factor with its share price.
Basically oil has increase 25% since Market update and QANTAS share price has fallen by 25%. Once the oil trend changes the share price will move up.
GLTA
Sunrock I would direct you to the Qantas 1st quarter trading...
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Last
$5.88 |
Change
0.040(0.68%) |
Mkt cap ! $9.581B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $5.91 | $5.84 | $75.93M | 12.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 127538 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 6836 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$5.88 |
Change
0.040 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $5.87 | $5.91 | $5.83 | 1372112 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| QAN (ASX) Chart |