Given that Qantas is cutting back on services, I definately wouldnt fly with Qantas for the next 6 months. We all know that Virgin offer good service, cheaper fares and have generally good take-off times. I would think a large amount of Aussies will change airline due to the disruptions the unions are making. I think this will drag out for months and Virgin will pick up thousands of Qantas customers. This has to be good for their bottom line. I (My Company) converted from Qantas to Virgin as the service was generally poor.
I would think a quick rise to $0.40 is expected within days. Just my humble thoughts.
VBA Price at posting:
32.5¢ Sentiment: ST Buy Disclosure: Held