QAN -1.2%: Nice to be on a call today that was bullish / pro-growth from a travel stock with Qantas outlining their intention to buy more than 100 new planes worth in excess of $9 billion as it pushes ahead with plans to start ultra-long flights non-stop between Sydney & New York + London. QAN will bring in the new aircraft by 2034 to renew its aging domestic fleet of Boeing Co. 737-800s and smaller Boeing 717s with a decision due in December. However, we won’t have to wait that long to go to New York or London non-stop from Sydney, QAN say these services will start as soon as 2024 using the Airbus’s A350-1000 for the flights. I’m also hearing that leave for pilots is now getting harder to come by with demand ratcheting up into Christmas – a very good sign.
MM is long & bullish QAN
Add To Hit List
