Originally Posted by
Chadzat
Just to add to the useless share price antics of a few posters above -
QAN - 15%
VAH + 6.4%
QAN must be about to go out of business....
Qantas cash in the bank - between $3-4 billion (which it owns).
Virgin - $1 billion, all borrowed from it's corporate owners.
You can't quote a share price difference based on the last few days and use it as an argument. Qantas shares are far more robust than VAH. One is still worth between $3-4 and the other is worth 5c on current trading, it was over 70c ten years ago and more than $2 at one stage. The coronavirus will pass and Qantas will recover, VAH probably will not as it has very few, if any, levers that it can pull.