I don't follow Qantas closely, and agree that a lower oil price obviously reduces their costs. However with all the mishaps Qantas have had lately I would be hesitant about buying their stock as their reputation may be damaged. Also with rising unemployment I would have thought this would have a negative impact on their revenue. I personally wouldn't be game to short it at these low levels but the above mentioned concerns stop me from buying.
Obviously dyor.
with low oil prices..., page-16
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Last
$8.44 |
Change
0.070(0.84%) |
Mkt cap ! $13.19B | |||
| Open | High | Low | Value | Volume |
| $8.35 | $8.50 | $8.32 | $39.85M | 4.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16082 | $8.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.45 | 634 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| QAN (ASX) Chart |