While the negative media press persists, I can't see the...

While the negative media press persists, I can't see the price going anywhere but down. Right now, the price can't seem to find a consolidation point, a floor, if you will. It has bounced of $5.70 this morning, we'll see if it falls through it tomorrow.
This is all about one man right now, Joyce. He's the nation's corporate tar baby, and the government is loving it because it's deflecting the issue of the housing crisis from them, and blaming the transport and travel sector for the cost of living crisis. Some of the comments here of $4 and below are nothing short of ridiculous. That puts us back into the pandemic.
Qantas has suffered all these drops before. It fell as low as $2.60 in 2016 after Brexit based on fear. I took some money back then from from very nervous investors.
BTW, there's a big difference between QAN and FMG right now. The latter is slipping because China has cut iron ore purchasing significantly as they lick their economic wounds. President Xi is learning that there is a huge difference between being a Maoist, and being Mao.