Or the smartest guys in the room have run out of company funds to buy back more company shares to boost the P/E ratio now that their latest share options have vested !
This
The share price is also now down almost 25% from its $6.40 highs in October, although I suspect this is mostly driven by jet fuel and a general global sentiment that the recent high profitability of airlines will turn (combination of fuel up and greater competition)
Perhaps Delta airlines thinks differently...
Delta Airlines bolstered the industrial sector (+1.2pc), after the company posted fourth-quarter earnings which beat market expectations — sending the airline's share price 4.8 per cent higher.
Qantas Airway's short term (1 year) commitments are greater than its holding of cash and other short term assets
Qantas Airway's long term commitments exceed its cash and other short term assets
Yep the smartest guys in the room....