{"id":60936,"date":"2014-09-25T19:41:53","date_gmt":"2014-09-25T23:41:53","guid":{"rendered":"http:\/\/countingpips.com\/?p=60936"},"modified":"2014-09-25T19:41:53","modified_gmt":"2014-09-25T23:41:53","slug":"why-the-qantas-share-price-rose-today-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/09\/why-the-qantas-share-price-rose-today-2\/","title":{"rendered":"Why the Qantas Share Price Rose Today"},"content":{"rendered":"
September 25, 2014<\/div>
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By MoneyMorning.com.au<\/u><\/a><\/p>\n

What Happened to the Qantas Share Price?<\/h2>\n

Qantas Airways Limited [ASX:QAN]<\/strong> is an Australian based domestic and international airline with two brands, Qantas and Jetstar.<\/p>\n

The share price closed 1.41% higher on Wednesday. <\/p>\n

Why Did This Happen to QAN Shares?<\/h2>\n

The airline has been in an uptrend since it announced a massive $2.48 billion loss. Yes. The stock has rallied 10% since the company announced it traded in the red. Again. Qantas has now posted a net loss for four of the past five financial years. <\/p>\n

However, since Friday last week the AUD\/USD has fallen 1.6% to around 0.8819. The airline has said the falling Aussie does push up fuel prices. But rivals dropping out of Australian routes outweigh this negative effect. <\/p>\n

Qantas has said the ideal Aussie exchange rate for the business is around 80 US cents. For this to happen the currency needs to fall roughly 10% from here.<\/p>

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What Now for Qantas Airways Limited?<\/h2>\n

Sigh. The unending faith in Qantas truly amazes me. <\/p>\n

Just because Qantas is cheap doesn\u2019t mean the stock is a good buy. <\/p>\n

Sadly, I didn\u2019t write this gem of analysis. I found it in The Age. It\u2019s practically a public service announcement: <\/p>\n

\u2018Too many investors place Qantas in the blue chip category along with the likes of Woolies and Telstra because they falsely associate brand strength with business quality.<\/p>\n

\u2018So if the\u2026price increase since the recent loss announcement isn’t a financial expression of misplaced patriotism, what is it?<\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong> <\/p>\n

Join Money Morning on Google+ <\/span><\/a><\/strong><\/p>\n

The post Why the Qantas Share Price Rose Today<\/a> appeared first on Stock Market News, Finance and Investments | Money Morning Australia<\/a>.<\/p>\n

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\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au What Happened to the Qantas Share Price? Qantas Airways Limited [ASX:QAN] is an Australian based domestic and international airline with two brands, Qantas and Jetstar. The share price closed 1.41% higher on Wednesday. Why Did This Happen to QAN Shares? The airline has been in an uptrend since it announced a massive $2.48 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-60936","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=60936"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/60936\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=60936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=60936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=60936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}