Thanks for the reply.
Let us see where the Qantas share price goes in the next 12 months.
I bought when reputational damage was at its worst and media/analysts stating shares were overvalued due to ageing fleet/broken brand.
Nobody seem to mention that Qantas owned their frames whilst competition including Bonza,Rex and Virgin did not.
They was also no mention of Qantas signing order with Airbus coming out of Covid at hopefully very favourable prices given state of airline industry at that time.
80% return to date ,and perhaps it was luck, but I am not selling based on my research.
Report in Australia Financial Review of continued elevated fares in golden triangle continue,with cheapest Qantas fare $1313 Sydney-Melbourne 1 way for yesterday-no other fares were available on Qantas.
They used Etihad as comparative example with flight Melbourne to Paris costing $1300 just 2 weeks ago.
Now that is a profit margin this accountant understands, and great for Virgin as well to be operating in this environment.
Why would u lease when you could buy is beyond me ,unless airline did not have the cash flow.
Ownership gives airline control and future borrowing power, simple as that.
We are of different mindsets and all good.