Business
Is the Qantas (ASX:QAN) share price flying closer to recovery?
The Qantas Airways Ltd (ASX: QAN) share price is making a miraculous recovery fuelled by vaccine hopes and reopening borders. The recent strength of airlines is demonstrated by the 30% increase in the US Global Jets ETF in November, which comprises various airline carriers around the world including Qantas.
Qantas is now within 25% of its previous record all-time high set in December 2019. However, it may feel like the share price has run before its business has made a material recovery. So, what are the current circumstances for the business? And what can investors look forward to in FY21?
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