QAN 0.69% $7.17 qantas airways limited

QAN is cancelling all flights from 80% of the country's...

  1. 35,450 Posts.
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    QAN is cancelling all flights from 80% of the country's population to Queensland and Queensland has closed the borders to 80% of Australia's population, so what is the hope for the QAN SPP price again?

    It is an interesting proposition IMHO but pls DYODD. Buying into the tourism sector in Australia when even domestic tourists would be taking an enormous risk of losing their fares let alone becoming sick if touring.

    Queensland, a tourism destination, is almost a series of ghost towns in the tourism spots. Brisbane or at least southside Brisbane has now been struck by the Wuhan virus.

    You would be optimistic IMHO expecting any Queensland tourism until the virus is well and truly over in Australia but pls DYOR.

    I think the QAN SPP should be cancelled IMHO. It would just in my view erode sholder value.
 
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