QAN 4.31% $3.11 qantas airways limited

perhaps best to wait before buying

  1. 3,567 Posts.
    With global markets slumping again, oil rising, war longer than expected and this killer bug in Asia perhaps it's best to wait before buying into QAN even though it's very cheap.

    Chartists have a $2.6-$2.70 target.

    Airport watch for killer pneumonia
    By Mark Metherell, Michael Bradley and Hamish McDonald in Beijing
    April 1 2003

    Upgraded surveillance at Australian airports is being considered among tougher measures to reduce the risk of a lethal new pneumonia arriving in the country.

    Health authorities are also believed to be considering sharper travel warnings to Australians visiting nations affected by the Severe Acute Respiratory Syndrome, which has been blamed for at least 59 deaths worldwide.

    The chief Commonwealth Medical Officer, Richard Smallwood, prepared Australia for the likelihood that SARS would inevitably reach Australia. Given people movements within South-East Asia, he said, the chances were that cases "will be found in Australia".

    A visiting World Health Organisation official, Alan Hampson, also said it was unrealistic to think Australia could "keep it out totally". But he added that he did not think it would "become an uncontrolled thing here".

    In Australia, the heightened surveillance could mean stationing health officials at airports to check suspect cases, but authorities would not be drawn on whether they would follow the lead of Singapore, which has stationed nurses at its international airport.



    But Professor Smallwood warned travellers intending to visit SARS hotspots, particularly Hong Kong and Singapore, that if they became ill there, "they will probably not be able to fly out until they are well again".

    Airlines operating out of these areas, such as Qantas, Air New Zealand, Thai and Singapore, are now supplying surgical face masks for crew and passengers. On Qantas flights, passengers within a six-row radius of any person identified during flight as displaying flu-like symptoms will be given masks.

    "Crew dealing directly [with a passenger] will be masked and we won't stop people wearing their own masks on flights," a Qantas spokeswoman said.

    Mr Hampson said the pattern of the disease overseas suggested it was most dangerous in areas experiencing overcrowding and with poor health services.

    SARS has infected more than 1600 people worldwide.

    Two people from NSW are still under investigation for SARS and there is an unconfirmed case of the syndrome in the ACT, bringing to about 30 the total number of suspect cases which have been examined in Australia. In Hong Kong, 92 new cases of SARS were reported within a single housing estate yesterday, bringing the total number of infections in the territory to more than 620. Health officials in surgical gear and policemen in face masks cordoned Amoy Gardens. During the 10-day quarantine period, no one will be allowed to enter or leave the estate without written permission of a health officer.

    In Singapore, 954 people have been quarantined and schools have been closed. In Canada, health officials confirmed a fourth person had died from SARS in Toronto, bringing the number of probable cases to more than 100.

    Mr Hampson, the deputy director of the WHO's collaborating centre for reference and research on influenza, called the response of some foreign governments as draconian over-reactions.

    "I would just like to contrast it with influenza. We know Australia will lose 1000 lives this year because of influenza and there are tens of thousands of people infected with it, but it doesn't cause as much concern as this disease."

    Disease control experts are now voicing fears that the virus can be spread through the air instead of through contact with saliva or mucous.

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