People are undoubtedly starting to fly again and make holiday plans although I had friends fly to Singapore last week and they were amazed how empty the plane was, it appears things are improving but customers remain understandably cautious especially when it comes to flying overseas where insurance / healthcare are more important than ever. QAN has corrected deeper than we anticipated under the weight of the Omicron strain and underlying falling market but at this stage on balance we believe the next $1 move is far more likely on the upside.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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MM remains long and bullish QAN
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