share price, page-12

as i just posted in the other thread, the slight downward pressure on qan in the last week is just a kneejerk reaction to oil prices going up slightly from $45 to $50. it's more a reaction to the media noise than a significant impact on qantas profitability.
im not worried, the search for value in the market and the company buyback will slowly push it back up again soon enough. oil prices may creep up but they wont rise rapidly, otherwise the global economy us in big trouble. china's oil stores should keep demand under control if prices rise and the opec deal may fall over yet.

on a positive note, chinese tourism is up so thats good for qantas. here is an excerpt from an article in the australian this weekend:

"
While commodity prices deflate export receipts and Chinese investment faces special challenges in Australia, one major sector of business with China is still booming — tourism.

And this week could break records for Chinese visitors, since the “golden week” holiday began on the country’s National Day on October 1.

The number of Chinese tourists was up 23 per cent to 1.16 million in the year to August 1, and their spending in the year to July 1 was up 27 per cent, to $8.9 billion — almost 25 per cent of spending by all foreign visitors to Australia.

John O’Sullivan, managing director of Tourism Australia, tells The Weekend Australian that Australia now tops China’s rankings of aspirational destinations, and of places people intend to visit...."

rest of article is at:
http://www.theaustralian.com.au/bus...g/news-story/a134e0877203808e1f5b10b9f47b31c6