The market sentiment and perceived value drives the share price up and down. The intrinsic value gets lost in the confusion of national and international events.
Airlines are fragile and vulnerable businesses that operate on the edge and it take the combined effort of management and employees. Estrange one of these and the business is doomed.
" You can't build long term value for the shareholders unless you build long term value for the employees" Howard Shultz, Chairman of Starbucks Coffee Company.
A lesson unlearnt by the current board of Qantas.