Will QAN survive?, page-2252

THe argument only adds to the thesis of airlines like QAN being terrible investments right now given their valuations. At least the EU airlines trading at decent metrics. US less so, QAN dam silly multiples. UK to Bangkok was near empty with Thai Airways. Bangkok to Sydney 1/4 full at best. Qantas and other airlines are opening routes and flying half empty planes to retain slots and keep the illusion of ongoing business concerns as they fly nearly empty planes with oil at $US80 a barrel.

QAN investors could do worse than simply going to the airport to check for themselves the dirth of queues. That QAN no longer posts regular traffic stats, makes up absolute boulder dash forecasts time and time again in the last 24 months and then updates with miserable reality at earnings is telling. The absurdity is investors keep buying this junk on forward promise.

Qantas had a miserable $513 million of shareholder equity in its full year report. Qantas was burning $40 million a week at its worse. Had it not had property assets for sale it might well have been near negative equity at these next results.

The Board need to reign in Joyce. '20% above pre-COVID levels'. LOL. Present monthly total passenger numbers are closer to 20% of pre-COVID highs, than being 20% more: