Could I be forgiven for thinking that the share price is going up because the hedge funds are buying?
To put that another way,Perhaps Qantas is a stock market scam. The hedgies might know the underlying value of the brand. Joyces and Cliffords inept management style will deliver the brand to the hedgies very cheaply.
We then spend money to repaint Jetstar red and white, relaunch the brand with competent management and refloat the company on the back of a 60% share of the Australian domestic market and an "impressive" international record.