PPRuNe Forums - View Single Post - VA pilots worried about employment 2021
View Single Post
Old 13th Mar 2020, 01:19
  #327 (permalink)  
AerialPerspective
 
Join Date: Jul 2009
Location: Australia
Posts: 344
Received 64 Likes on 28 Posts
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.
AerialPerspective is offline