Why QANTAS is not a buy - February 2020
Tailwinds have faded for QANTAS and headwinds prevail with Coronavirus curtailing global travel. Lower oil prices and a stabilising domestic market have helped QAN over the last few years, although Hugh Dive from Atlas Funds Management explains why QAN is still not a buy, regardless of Cornonavirus' impacts.
Jump ahead: 1.30 - Background 2.30 - Business model 4.30 - Earnings Splits 5.10 - Frequent Flyer cash-flow impacts 7.10 - Leverage Review 9.40 - Expansion Review 10.20 - Global Acquisitions? 11.30 - Corporate Goverance Review 12.05 - Regulatory Review 13.45 - Operating in a constrained industry 15.30 - Technical Risk Review 16.20 - Operating Risk Review 18.40 - Atlas' Summary 20.00 - Middle East Carrier comparisons