Business
Why brokers are bullish on the Qantas (ASX:QAN) share price
It often feels like one step forward and two steps back for the Qantas Airways Limited (ASX: QAN) share price.
This week alone, investors had to juggle concerns that international travel is likely to remain limited until 2024, the cancellation of the AstraZeneca vaccine for under-50s and an upbeat business update from Qantas.
While it might be a tug-of-war between the bulls and bears for where the Qantas share price will go next, brokers believe the company’s shares are in a position to outperform.
Qantas business getting back on its feet
Yesterday, Qantas provided a number of updates regarding the ramp-up of its services. To recap its update, the company estimates that domestic travel can reach 80% of pre-COVID capacity…
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