QAN 1.40% $4.94 qantas airways limited

qan gunna fall

  1. 1,087 Posts.
    I found the recent posts on qan over the weekend interesting.
    my 2 cents worth is:

    Qan will fall to to test the 3.12 support range i feel.

    1. it has the oldest fleet flying and will face a lot of capital in replacing a lot of the fleet over the next few years.
    2. It will will face greater competition from virgin domestically.
    3. it will face greater competition internationally from outfits such as emirates.
    4. With max moore wilson now running sydney airport it will not recieve favourable treatment.
    5. The rising dollars helps with fuel (even though i think they have hedged fuel costs so maybe not so much of a help).

    6. Aussie dollar rising will cut in to people flying into australia as cost of ticket goes up.

    disclaimer: i dont hold at the moment so do start the downramping crap.
    your money you decide.

    good hunting
    cheers dave
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